Form 4: Organon & Co. Director Alan Ezekowitz Reports Acquisition of Phantom Stock

Director Alan Ezekowitz reports acquiring phantom stock units in Organon & Co. through a non-employee director savings plan.

Summary

• On June 7, 2024, Alan Ezekowitz, a director of Organon & Co., acquired 9,638.554 phantom stock units.
• These units were granted under the Organon Non-Employee Director Savings Plan.
• Each phantom stock unit represents the economic equivalent of one share of Organon & Co. common stock.
• The price of the phantom stock is $20.75.
• The reporting person now holds a total of 36,454.814 phantom stock units.
• These holdings include phantom stock acquired in dividend reinvestment transactions on June 15, 2023, September 14, 2023, December 14, 2023 and March 14, 2024.
• The phantom stock units are payable in cash upon settlement after the reporting person's termination of service as a director.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It reflects insider transactions, which can be interpreted in various ways depending on the context.

Positives

• The acquisition of phantom stock by a director could be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The acquisition of phantom stock by a director may signal confidence in the company's future, potentially impacting shareholder sentiment positively.

Key Dates