Form 4: Viatris Inc. Executive Andrew Cuneo Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Andrew Cuneo, a Viatris Inc. executive, reports the vesting and settlement of restricted stock units (RSUs) and performance restricted stock units (PRSUs), along with associated tax withholdings, resulting in changes to his beneficial ownership of company stock.
Summary
- On March 2, 2024, Andrew Cuneo, President of JANZ (Japan, Australia, and New Zealand) and Emerging Markets at Viatris Inc., engaged in transactions involving common stock, performance restricted stock units (PRSUs), restricted stock units (RSUs), and dividend equivalent units (DEUs).
- These transactions included the vesting and settlement of PRSUs and RSUs granted in previous years (2021, 2022, and 2023).
- The transactions also involved the withholding of shares to cover tax liabilities associated with the vesting of these units.
- As a result of these transactions, Cuneo's directly held beneficial ownership of Viatris Inc. common stock changed.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation; it doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions reported may have a minor impact on the company's outstanding shares.
- The vesting of RSUs and PRSUs aligns executive compensation with company performance and shareholder value.
Key Dates
| Date | Description |
|---|---|
| 03/02/2021 | Initial grant date of performance restricted stock units (PRSUs) that vested on March 2, 2024. |
| 03/02/2021 | Initial grant date of restricted stock units (RSUs) that vested in portions on March 2, 2022, March 2, 2023 and March 2, 2024. |
| 03/04/2022 | Initial grant date of restricted stock units (RSUs) that vested in portions on March 4, 2023 and March 4, 2024 and will vest on March 4, 2025. |
| 03/03/2023 | Initial grant date of restricted stock units (RSUs) that vested on March 3, 2024 and will vest on March 3, 2025 and March 3, 2026. |
| 03/02/2024 | Date of vesting and settlement of performance restricted stock units (PRSUs) and restricted stock units (RSUs). |
| 03/03/2024 | Date of vesting and settlement of restricted stock units (RSUs). |
| 03/04/2024 | Date of vesting and settlement of restricted stock units (RSUs). |
| 03/05/2024 | Date of signature on the Form 4 filing. |
| 03/04/2025 | Date of vesting of restricted stock units (RSUs). |
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