Organon (OGN) HR chief converts 8,422 RSUs; 2,885 shares withheld for taxes
Rhea-AI Filing Summary
Organon & Co. Chief Human Resources Officer Aaron Falcione exercised restricted stock units into common shares as part of his equity compensation. On March 29, 2026, 8,422 Restricted Stock Units converted into 8,422 shares of common stock at a conversion price of $0.00 per share.
To cover tax obligations, 2,885 of these shares were disposed of through a tax-withholding transaction at $5.84 per share, rather than through an open-market sale. After these transactions, Falcione directly held 89,646.071 shares of Organon common stock.
Each Restricted Stock Unit represents a right to receive one share of Organon common stock, and these awards vest in three equal installments on March 29, 2025, March 29, 2026, and March 29, 2027, aligning the executive’s compensation with the company’s long-term performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 8,422 | $0.00 | -- |
| Exercise | Common Stock | 8,422 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,885 | $5.84 | $17K |
Footnotes (1)
- This price is the closing market price of Organon & Co. ("Organon") common stock on Friday, March 27, 2026, as required by the plan under which the Restricted Stock Units ("RSU") were awarded. Each RSU represents a contingent right to receive one share of Organon common stock. These RSUs vest and are distributed as shares of Organon common stock in three equal installments on March 29, 2025, March 29, 2026, and March 29, 2027.