Form 4: Organon & Co. Executive Aaron Falcione Reports Stock Transactions
SEC Form 4 Filing
Aaron Falcione, Chief Human Resources Officer of Organon & Co., reports the vesting and distribution of restricted stock units and subsequent disposition of shares to cover tax obligations.
Summary
- On February 28, 2024, Aaron Falcione, the Chief Human Resources Officer of Organon & Co., reported transactions involving Organon & Co. common stock.
- Falcione converted 11,015 restricted stock units into an equal number of common stock shares.
- Simultaneously, Falcione disposed of 3,960 shares at a price of $18.04 to satisfy tax obligations.
- Following these transactions, Falcione directly owns 21,817 shares of Organon & Co. common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice and required by the SEC to ensure transparency and prevent insider trading.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation and tax-related stock dispositions.
Key Dates
| Date | Description |
|---|---|
| 12/31/2023 | Restricted Stock Units vested |
| 02/28/2024 | Conversion of Restricted Stock Units to Common Stock and Disposition of Shares |
| 03/01/2024 | Date of Report |
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