Timothy P. Walbert - 04 Jan 2023 Form 4 Insider Report for Horizon Therapeutics Public Ltd Co (HZNP)

Role
Chairman, President and CEO, Director
Signature
/s/ Adriana Hernandez-Capone, Attorney-in-Fact
Issuer symbol
HZNP
Transactions as of
04 Jan 2023
Transactions value $
-$11,036,484
Form type
4
Filing time
06 Jan 2023, 16:48:19 UTC
Previous filing
04 Jan 2023
Next filing
06 Apr 2023
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 +220K +44.54% 714K 05 Jan 2023 Direct F1
transaction HZNP Ordinary Shares Tax liability -$11M -97.5K -13.65% $113.24 616K 05 Jan 2023 Direct
holding HZNP Ordinary Shares 108K 04 Jan 2023 See Footnote F2
holding HZNP Ordinary Shares 100K 04 Jan 2023 See Footnote F3
holding HZNP Ordinary Shares 49.7K 04 Jan 2023 By Spouse

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 (RSUs) Award $0 +71.3K $0.00 71.3K 04 Jan 2023 Ordinary Shares 71.3K Direct F1, F4
transaction HZNP Restricted Stock Units (RSUs) Award $0 +20.7K $0.00 20.7K 04 Jan 2023 Ordinary Shares 20.7K By Spouse F1, F4
transaction HZNP Restricted Stock Units (RSUs) Options Exercise $0 -58.1K -100% $0.00* 0 05 Jan 2023 Ordinary Shares 58.1K Direct F1, F5
transaction HZNP Restricted Stock Units (RSUs) Options Exercise $0 -34.9K -50% $0.00 34.9K 05 Jan 2023 Ordinary Shares 34.9K Direct F1, F6
transaction HZNP Restricted Stock Units (RSUs) Options Exercise $0 -24.6K -33.33% $0.00 49.2K 05 Jan 2023 Ordinary Shares 24.6K Direct F1, F7
transaction HZNP Performance Restricted Stock Units (PSUs) Options Exercise $0 -34.8K -100% $0.00* 0 05 Jan 2023 Ordinary Shares 34.8K Direct F1, F8
transaction HZNP Performance Restricted Stock Units (PSUs) Options Exercise $0 -9.44K -100% $0.00* 0 05 Jan 2023 Ordinary Shares 9.44K Direct F1, F8
transaction HZNP Performance Restricted Stock Units (PSUs) Options Exercise $0 -23.2K -100% $0.00* 0 05 Jan 2023 Ordinary Shares 23.2K Direct F1, F8
transaction HZNP Performance Restricted Stock Units (PSUs) Options Exercise $0 -39.9K -69.6% $0.00 17.4K 05 Jan 2023 Ordinary Shares 39.9K Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each PSU/RSU represents a contingent right to receive one ordinary share of the Issuer.
F2 The shares are held by the Timothy P. Walbert 2021 Gift Trust, of which the Reporting Person's spouse is the Trustee and beneficiary.
F3 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.
F4 The RSUs vest 1/3rd annually on each anniversary of January 5, 2023.
F5 The final tranche of ordinary shares subject to the RSU vested on January 5, 2023.
F6 The remaining ordinary shares subject to the PSU/RSU vest on January 5, 2024.
F7 The remaining ordinary shares subject to the RSU vest ratably on January 5, 2024 and January 5, 2025.
F8 The ordinary shares subject to the PSU vested on January 5, 2023.