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

Kathryn DiMarco, Corporate Controller of Organon & Co., reports the vesting and distribution of restricted stock units, as well as a disposition of shares to cover tax obligations.

Summary

• On February 28, 2024, Kathryn DiMarco, Corporate Controller of Organon & Co., reported transactions involving the company's common stock.
• These transactions included the vesting of 4,957 Restricted Stock Units (RSUs) which converted into an equal number of common stock shares.
• Simultaneously, DiMarco disposed of 1,868 shares at a price of $18.04 to satisfy tax obligations related to the vesting of the RSUs.
• Following these transactions, DiMarco directly owns 11,737 shares of Organon & Co. common stock.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing reflecting standard compensation practices; it doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of compliance for corporate insiders and provide transparency into their transactions in company stock. This filing is specific to Organon & Co. and doesn't provide broader industry context.

Stakeholder Impact

• The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares from vested RSUs, offset partially by the shares sold to cover taxes.

Key Dates