Tax-withholding share disposition by Jazz Pharmaceuticals (JAZZ) director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Jazz Pharmaceuticals director Bruce C. Cozadd reported a tax-related share disposition. On the vesting of previously granted restricted stock units, 15,114 Ordinary Shares were withheld at $188.69 per share to satisfy tax obligations, reducing his directly held stake to 390,682 Ordinary Shares. This Form 4 reflects a tax-withholding transaction rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
COZADD BRUCE C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Ordinary Shares | 15,114 | $188.69 | $2.85M |
Holdings After Transaction:
Ordinary Shares — 390,682 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Jazz Pharmaceuticals (JAZZ) report for Bruce C. Cozadd?
Jazz Pharmaceuticals reported that director Bruce C. Cozadd had 15,114 Ordinary Shares withheld to cover taxes from vesting restricted stock units. The shares were valued at $188.69 each, and the transaction is classified as a tax-withholding disposition, not an open-market trade.
Was Bruce Cozadd’s Jazz Pharmaceuticals (JAZZ) Form 4 transaction an open-market sale?
No, the transaction was not an open-market sale. The Form 4 and its footnote state that 15,114 shares were withheld solely to satisfy tax obligations from vesting restricted stock units, classifying it as a tax-withholding disposition rather than a discretionary sale.
What does transaction code F mean in Bruce Cozadd’s Jazz Pharmaceuticals (JAZZ) Form 4?
Transaction code F indicates payment of a tax liability or exercise price by delivering securities. In this case, 15,114 Jazz Pharmaceuticals Ordinary Shares were withheld to cover tax obligations from the vesting of restricted stock units, instead of being sold in the market.