Katina Dorton - 01 Jan 2025 Form 4 Insider Report for Mallinckrodt plc

Role
Director
Signature
/s/ Mark Tyndall, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
01 Jan 2025
Net transactions value
$0
Form type
4
Filing time
02 Jan 2025, 17:00:57 UTC
Previous filing
18 Jun 2024
Next filing
30 Jun 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction Ordinary Shares Options Exercise +1,504 1,504 01 Jan 2025 Direct F1
transaction Ordinary Shares Tax liability -294 -20% 1,210 01 Jan 2025 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction Restricted Stock Units Disposed to Issuer -1,231 -15% 6,976 01 Jan 2025 Ordinary Shares 1,231 Direct F3, F4, F5
transaction Restricted Stock Units Options Exercise $0 -1,504 -22% $0.000000 5,472 01 Jan 2025 Ordinary Shares 1,504 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit (the "RSU") that was settled, was settled in ordinary shares of the issuer at one share per RSU.
F2 The number of ordinary shares withheld to satisfy tax withholding obligations arising out the vesting of RSUs is based on a percentage and did not take into account any market value as the issuer's ordinary shares are not listed or quoted on a recognized trading market.
F3 The reporting person entered into an agreement with the issuer pursuant to which the reporting person forfeited the right to receive 1,231 RSUs that would otherwise have vested in exchange for a payment from the issuer to facilitate the reporting person's ability to satisfy certain tax obligations related to the RSUs scheduled to vest.
F4 On February 19, 2024, the reporting person was granted 8,207 RSUs vesting ratably on each of the first three anniversaries of January 1, 2024.
F5 The number of RSUs forfeited is based on a percentage.

Remarks:

This Form 4 constitutes a notice to the Issuer for purposes of Part V of the Companies Act 2014.