Form 4: Organon & Co. Corporate Controller Reports Stock Transactions

Kathryn DiMarco, Corporate Controller of Organon & Co., reports acquisition and disposal of common stock following performance share unit vesting.

Summary

• On September 3, 2024, Kathryn DiMarco, Corporate Controller of Organon & Co., reported transactions involving Organon & Co. common stock.
• DiMarco acquired 3,594 shares of common stock at $0, related to performance share units granted on August 17, 2021, under the company's 2021 Incentive Stock Plan.
• The performance-vesting restrictions were released upon certification of performance goal attainment by the Talent Committee of Organon's Board of Directors.
• DiMarco also disposed of 1,231 shares of common stock at a price of $20.35.
• Following these transactions, DiMarco beneficially owns 23,333 shares of Organon & Co. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document primarily reports stock transactions by a company insider, which is a routine regulatory filing. The vesting of performance shares suggests achievement of company goals, which is mildly positive.

Positives

• The vesting of performance share units indicates that performance goals set by Organon & Co. were achieved, as certified by the Talent Committee.

Industry Context

Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their trading activities and potential alignment with company performance.

Stakeholder Impact

• The vesting of performance share units and subsequent stock transactions may have a minor impact on shareholders by slightly increasing the number of shares available in the market.

Key Dates