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

Joseph T. Morrissey, Jr., Head of Manufacturing at Organon & Co., reports the vesting and distribution of restricted stock units and subsequent tax withholding.

Summary

• On February 28, 2024, Joseph T. Morrissey, Jr., Head of Manufacturing at Organon & Co., reported transactions involving Organon & Co. common stock.
• The transactions included the vesting of 14,319 restricted stock units, each convertible into one share of common stock.
• Shares of Organon & Co. common stock were distributed to Morrissey on February 28, 2024, following the vesting of these units on December 31, 2023.
• A portion of the shares (4,223) were disposed of at a price of $18.04 for tax withholding purposes.
• Following these transactions, Morrissey directly owns 31,112 shares of Organon & Co. common stock.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation.

Stakeholder Impact

• The transactions have a minor impact on the overall shareholding structure of the company.

Key Dates