OGN.NYSEOrganon & CO

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

Sentiment:

SEC Form 4 Filing

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Vittorio Nisita, Head of Global Business Services at Organon & Co., reports the vesting and subsequent sale of restricted stock units on March 31, 2024.

Summary

  • On March 31, 2024, Vittorio Nisita, Head of Global Business Services at Organon & Co., engaged in transactions involving Organon common stock.
  • These transactions included the vesting of 2,863 and 4,606 restricted stock units (RSUs).
  • Following the vesting, shares were sold to cover tax obligations, with 981 shares sold at $18.8 and 1,578 shares sold at $18.8.
  • After these transactions, Nisita directly owns 21,019 shares of common stock and 9,212 restricted stock units.
  • The transactions were reported on Form 4, filed with the SEC on April 03, 2024.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities in the company's stock.

Stakeholder Impact

  • The transactions have a minimal direct impact on stakeholders, as they represent routine executive compensation and tax-related sales.

Key Dates

DateDescription
03/31/2023Date RSUs were granted to the Reporting Person.
03/31/2024Date of the reported transactions, including vesting of RSUs and sale of shares.
03/31/2025Date when remaining RSUs from the first grant will vest.
03/31/2026Date when remaining RSUs from the second grant will vest.
04/03/2024Date the Form 4 was signed.

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