Form 4: Organon & Co. Executive Joseph T. Morrissey Jr. Reports Stock Transactions

Joseph T. Morrissey Jr., Head of Manufacturing at Organon & Co., reports acquisition and disposal of company stock related to performance share units and dividend reinvestments.

Summary

• On February 20, 2025, Joseph T. Morrissey Jr., Head of Manufacturing at Organon & Co., reported transactions involving Organon & Co. common stock.
• Morrissey acquired 15,441 shares related to performance share units (PSUs) granted on August 09, 2022, under the company's 2021 Incentive Stock Plan.
• The performance-vesting restrictions were released upon certification of performance goal attainment.
• He also acquired 2,828 shares to cover dividend equivalents earned on the released PSUs.
• Morrissey disposed of 4,703 shares at $14.92 and 806 shares at $15.29.
• The report also includes the addition of 3,795.855 shares acquired from dividend reinvestments not previously reported.
• Following these transactions, Morrissey beneficially owns 59,423.855 shares of Organon & Co. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document primarily reports stock transactions related to executive compensation and dividend reinvestments, which are routine activities.

Positives

• The release of performance-vesting restrictions indicates the attainment of performance goals by the company.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding insider trading activity.

Key Dates

Keywords

Organon & Co., Joseph T. Morrissey Jr., stock transactions, performance share units, dividend reinvestments, Form 4, OGN