Timothy P. Walbert - 04 Jan 2022 Form 4 Insider Report for Horizon Therapeutics Public Ltd Co (HZNP)

Role
Chairman, President and CEO, Director
Signature
/s/ Miles W. McHugh, Attorney-in-Fact
Issuer symbol
HZNP
Transactions as of
04 Jan 2022
Transactions value $
-$18,182,717
Form type
4
Filing time
06 Jan 2022, 19:56:07 UTC
Previous filing
04 Jan 2022
Next filing
14 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HZNP Ordinary Shares Options Exercise +242K +53.19% 696K 05 Jan 2022 Direct F1
transaction HZNP Ordinary Shares Award $0 +153K +21.96% $0.00 849K 05 Jan 2022 Direct F2
transaction HZNP Ordinary Shares Tax liability -$17.8M -175K -20.6% $101.84 674K 05 Jan 2022 Direct
transaction HZNP Ordinary Shares Options Exercise +8.04K +25.78% 39.2K 05 Jan 2022 By spouse F1
transaction HZNP Ordinary Shares Tax liability -$370K -3.64K -9.27% $101.84 35.6K 05 Jan 2022 By spouse
holding HZNP Ordinary Shares 108K 04 Jan 2022 See footnote F3
holding HZNP Ordinary Shares 100K 04 Jan 2022 See footnote F4

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 HZNP Restricted Stock Units (RSU) Award $0 +73.8K $0.00 73.8K 04 Jan 2022 Ordinary Shares 73.8K Direct F1, F5
transaction HZNP Restricted Stock Units (RSU) Award $0 +21.4K $0.00 21.4K 04 Jan 2022 Ordinary Shares 21.4K By spouse F1, F5
transaction HZNP Restricted Stock Units (RSU) Options Exercise $0 -58K -100% $0.00* 0 05 Jan 2022 Ordinary Shares 58K Direct F1, F6
transaction HZNP Restricted Stock Units (RSU) Options Exercise $0 -58.1K -50% $0.00 58.1K 05 Jan 2022 Ordinary Shares 58.1K Direct F1, F7
transaction HZNP Restricted Stock Units (RSU) Options Exercise $0 -44.3K -50% $0.00 44.3K 05 Jan 2022 Ordinary Shares 44.3K Direct F1, F8
transaction HZNP Restricted Stock Units (RSU) Options Exercise $0 -46.5K -66.7% $0.00 23.2K 05 Jan 2022 Ordinary Shares 46.5K Direct F1, F9
transaction HZNP Restricted Stock Units (RSU) Options Exercise $0 -34.9K -33.33% $0.00 69.9K 05 Jan 2022 Ordinary Shares 34.9K Direct F1, F10
transaction HZNP Restricted Stock Units (RSU) Options Exercise $0 -3.39K -49.99% $0.00 3.39K 05 Jan 2022 Ordinary Shares 3.39K By spouse F1, F7
transaction HZNP Restricted Stock Units (RSU) Options Exercise $0 -4.66K -33.33% $0.00 9.31K 05 Jan 2022 Ordinary Shares 4.66K By spouse F1, F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each RSU represents a contingent right to receive one ordinary share of the Issuer.
F2 On January 4, 2019, the reporting person was granted performance-based restricted stock units (PSUs) of the Issuer, which vest upon the satisfaction of certain performance criteria. On January 5, 2022, the PSUs vested as to the number of shares reported above.
F3 The shares are held by the Timothy P. Walbert 2021 Gift Trust, of which the Reporting Person's spouse is the Trustee and beneficiary.
F4 The shares are held by the Keli B. Walbert 2021 Gift Trust, of which the Reporting Person is the Trustee. The beneficiaries of the Trust include the Reporting Person and his descendants.
F5 The RSU's vest 1/3rd annually on each anniversary of January 5, 2022.
F6 The RSU's vest 1/3rd annually on each anniversary of January 5, 2019.
F7 The RSU's vest 1/3rd annually on each anniversary of January 5, 2020.
F8 50% of the shares subject to the RSU's vested on 1/5/2022, and the remaining shares vest on 1/5/2023.
F9 Two-thirds of the ordinary shares subject to the RSUs vest on January 5, 2022 and the remaining one-third of the ordinary shares vest on January 5, 2023.
F10 The RSU's vest 1/3rd annually on each anniversary of January 5, 2021.