Joseph T. Morrissey Jr. - May 4, 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
May 4, 2023
Transactions value $
-$28,167
Form type
4
Date filed
5/8/2023, 06:44 PM
Previous filing
May 3, 2023
Next filing
Mar 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OGN Common Stock Options Exercise +3.6K +19.37% 22.2K May 4, 2023 Direct F1
transaction OGN Common Stock Tax liability -$28.2K -1.16K -5.24% $24.24 21K May 4, 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 -3.6K -49.97% $0.00 3.6K May 4, 2023 Common Stock 3.6K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Organon & Co. ("Organon") common stock for each RSU. On each of May 4, 2022 and May 4, 2023, one-third of the RSUs vested, with the remaining RSUs to vest on May 4, 2024.