Form 4: Organon & Co. Executive Rachel Stahler Reports Stock Award Vesting and Tax Withholding

Rachel Stahler, Chief Information Officer of Organon & Co., reports the vesting of performance share units and subsequent tax withholding.

Summary

• On September 3, 2024, Rachel Stahler, Chief Information Officer of Organon & Co., reported transactions involving Organon & Co. common stock.
• 3,594 shares were acquired upon the vesting of performance share units granted on August 17, 2021, under the company's 2021 Incentive Stock Plan.
• The performance-vesting restrictions were released after the Talent Committee of Organon's Board of Directors certified the attainment of performance goals.
• 1,645 shares were disposed of to cover tax obligations at a price of $20.35 per share.
• Following these transactions, Stahler beneficially owns 50,186 shares of Organon & Co. common stock.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and achievement of performance goals, which is generally viewed positively. The tax withholding is a neutral event.

Positives

• The vesting of performance share units indicates that performance goals set by Organon & Co. were achieved, as certified by the Talent Committee.

Negatives

• The disposal of 1,645 shares to cover tax obligations resulted in a decrease in Stahler's holdings, although this is a common practice.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• Shareholders may view the vesting of performance share units positively, as it indicates the achievement of company goals.
• Employees may be motivated by the fact that performance goals are being met and rewarded.

Key Dates