Form 4: Organon & Co. Executive Reports Stock Transactions
SEC Form 4
Vittorio Nisita, Head of Global Business Services at Organon & Co., reports the vesting of restricted stock units and subsequent stock transactions.
Summary
- On May 4, 2024, Vittorio Nisita, Head of Global Business Services at Organon & Co., reported transactions involving Organon & Co. common stock.
- 2,078 restricted stock units (RSUs) vested, converting into common stock.
- 712 shares were disposed of at a price of $19.61.
- Following these transactions, Nisita directly owns 22,385 shares of Organon & Co. common stock.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing detailing stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by SEC regulations. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
Key Dates
| Date | Description |
|---|---|
| 05/04/2022 | One-third of the RSUs vested. |
| 05/04/2023 | One-third of the RSUs vested. |
| 05/04/2024 | RSUs vested and stock transactions occurred. |
| 05/07/2024 | Date of signature for the Form 4 filing. |
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