Form 4: Organon & Co. Director Cynthia M. Patton Reports Acquisition of Phantom Stock

Director Cynthia M. Patton reports acquiring phantom stock units equivalent to 9,638.554 shares of Organon & Co. common stock at a price of $20.75 per unit.

Summary

• Cynthia M. Patton, a director of Organon & Co., filed a Form 4 disclosing a transaction involving phantom stock.
• On June 7, 2024, Patton acquired 9,638.554 phantom stock units under the Organon Non-Employee Director Savings Plan.
• The phantom stock units are equivalent to shares of Organon common stock and were acquired at a price of $20.75 per unit.
• Following the reported transaction, Patton beneficially owns 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 pursuant to the terms of the Plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a director's phantom stock acquisition, which could be interpreted as a sign of confidence, but it's not a major event.

Positives

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

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates a director's recent transaction in the company's securities.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it reflects a director's investment in the company.

Key Dates