Form 4: Organon & Co. CFO Matthew Walsh Reports Share Acquisition and Disposal

Chief Financial Officer of Organon & Co., Matthew Walsh, reports acquisition of shares through performance share units and disposal of shares to cover tax obligations.

Summary

• On September 3, 2024, Matthew Walsh, the CFO of Organon & Co., reported acquiring 7,189 shares of common stock related to performance share units.
• These shares were granted on August 17, 2021, under the company's 2021 Incentive Stock Plan and vested upon certification of performance goal attainment.
• On the same day, Walsh disposed of 3,541 shares at a price of $20.35 to satisfy tax obligations.
• Following these transactions, Walsh directly owns 91,974 shares of Organon & Co. common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as the vesting of performance shares suggests the company is meeting its goals. The sale of shares for tax purposes is a normal occurrence.

Positives

• The vesting of performance share units indicates that the company has met certain performance goals set by the Board of Directors.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding insider activity.

Key Dates