Form 4: Organon & Co. CFO Matthew Walsh Reports Share Transactions
SEC Form 4
Chief Financial Officer Matthew M. Walsh reports acquisition and disposal of Organon & Co. common stock related to performance share units.
Summary
- On February 20, 2025, Matthew M. Walsh, CFO of Organon & Co., reported transactions involving the company's common stock.
- Walsh acquired 30,414 shares related to performance share units (PSUs) granted on August 09, 2022, under the company's 2021 Incentive Stock Plan.
- The performance-vesting restrictions were released following certification of performance goal attainment by the Talent Committee of Organon's Board of Directors.
- Additionally, 5,570 shares were acquired to cover dividend equivalents earned on the released PSUs.
- Walsh also disposed of 10,662 shares at $14.92 and 1,908 shares at $15.29.
- Following these transactions, Walsh beneficially owns 115,388 shares of Organon & Co. common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard regulatory filing reporting insider transactions. The release of PSUs suggests positive performance, but the sale of shares offsets this.
Positives
- The release of performance share units indicates that performance goals were met, as certified by the Talent Committee of Organon's Board of Directors.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders, providing insight into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 2022-08-09 | Date of PSU grant to Matthew M. Walsh under the Organon & Co. 2021 Incentive Stock Plan. |
| 2025-02-20 | Date of transactions involving Organon & Co. common stock. |
| 2025-02-24 | Date of signature for the Form 4 filing. |
Keywords
Organon & Co., Matthew M. Walsh, CFO, common stock, performance share units, Form 4, insider trading
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