Joseph T. Morrissey Jr. - Mar 31, 2023 Form 4 Insider Report for Organon & Co. (OGN)

Role
Head of Manufacturing
Signature
/s/ Tarnetta V. Jones, as Attorney-in-Fact for Joseph T. Morrissey, Jr.
Stock symbol
OGN
Transactions as of
Mar 31, 2023
Transactions value $
-$25,907
Form type
4
Date filed
4/4/2023, 08:18 PM
Previous filing
Mar 2, 2023
Next filing
May 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OGN Common Stock Options Exercise $0 +3.94K +26.78% $0.00 18.6K Mar 31, 2023 Direct
transaction OGN Common Stock Tax liability -$25.9K -1.12K -6.02% $23.09 17.5K Mar 31, 2023 Direct

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 OGN Restricted Stock Units Options Exercise $0 -3.94K -33.33% $0.00 7.87K Mar 31, 2023 Common Stock 3.94K Direct F1, F2
transaction OGN Restricted Stock Units Award $0 +23.4K $0.00 23.4K Mar 31, 2023 Common Stock 23.4K Direct F3, F4
transaction OGN Stock Option (right to buy) Award $0 +84K $0.00 84K Mar 31, 2023 Common Stock 84K $23.52 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit converts into one share of Organon & Co. ("Organon") common stock.
F2 On March 31, 2023, one-third of the RSUs vested with the remaining RSUs to vest in two equal installments on March 31, 2024 and March 31, 2025.
F3 The Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Organon common stock for each RSU.
F4 These RSUs vest and are distributed as shares of Organon common stock in three equal installments on March 31, 2024, March 31, 2025 and March 31, 2026.
F5 The Reporting Person was granted stock options, which vest and become exercisable in three equal installments on March 31, 2024, March 31, 2025 and March 31, 2026.