Form 4: Organon & Co. Executive Nisita Vittorio Reports Stock Transactions

Vittorio Nisita, Head of Global Business Services at Organon & Co., reports the vesting and distribution of restricted stock units and subsequent tax withholding.

Summary

• On February 28, 2024, Vittorio Nisita, Head of Global Business Services at Organon & Co., reported transactions involving Organon & Co. common stock.
• These transactions included the vesting of 8,261 Restricted Stock Units (RSUs) that converted into an equal number of common stock shares.
• Additionally, 3,038 shares were disposed of to cover tax obligations at a price of $18.04 per share.
• Following these transactions, Nisita directly owns 16,109 shares of Organon & Co. common stock.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions, neither particularly positive nor negative.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.

Key Dates