OGN.NYSEOrganon & CO

Form 4: Organon & Co. Executive Rachel A. Stahler Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Chief Information Officer Rachel A. Stahler reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.

Summary

  • Rachel A. Stahler, Chief Information Officer of Organon & Co., filed a Form 4 detailing changes in beneficial ownership.
  • On May 4, 2024, 3,049 restricted stock units (RSUs) vested, each representing one share of Organon common stock.
  • Also on May 4, 2024, Stahler disposed of 1,045 shares of common stock at a price of $19.61 to cover tax obligations related to the vesting of the RSUs.
  • Following these transactions, Stahler directly owns 48,237 shares of Organon common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey 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 and the subsequent sale of shares to cover tax liabilities, a common practice among executives.

Stakeholder Impact

  • The transaction has a minor impact on shareholders as it reflects routine equity compensation and tax-related sales.

Key Dates

DateDescription
05/04/2022One-third of the RSUs vested.
05/04/2023One-third of the RSUs vested.
05/04/20243,049 Restricted Stock Units vested and 1,045 shares were disposed of to cover tax obligations.
05/07/2024Date of Form 4 filing.

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