Form 4: Organon & Co. Director Phillip Ozuah Reports Acquisition of Phantom Stock

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

Summary

• On June 7, 2024, Phillip Ozuah, a director of Organon & Co., acquired phantom stock units under the Organon Non-Employee Director Savings Plan.
• The transaction involved the acquisition of 9,638.554 phantom stock units, each representing an economic equivalent of one share of Organon common stock.
• The price per phantom stock unit was $20.75.
• Following the reported transaction, Ozuah beneficially owns 36,454.816 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, according to the terms of the Plan.

Sentiment

Score: 6

Explanation: The document is a neutral regulatory filing. The acquisition of phantom stock could be seen as a slightly positive sign, but it's primarily an administrative matter.

Positives

• The acquisition of phantom stock by a director may signal confidence in the company's future performance.

Industry Context

This filing is a routine disclosure related to insider transactions and is typical for publicly traded companies like Organon & Co.

Comparison to Industry Standards

• Director compensation packages often include stock or stock-based awards to align their interests with those of shareholders.
• Phantom stock plans are a common way to provide equity-based compensation without issuing actual shares.
• The specifics of Organon's Non-Employee Director Savings Plan would need to be compared to similar plans at peer companies to assess its competitiveness.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders.
• It provides transparency regarding director compensation and ownership.

Key Dates