Joseph T. Morrissey Jr. - 31 Mar 2024 Form 4 Insider Report for Organon & Co. (OGN)

Signature
/s/ Tarnetta V. Jones, as Attorney-in-Fact for Joseph T. Morrissey, Jr.
Issuer symbol
OGN
Transactions as of
31 Mar 2024
Net transactions value
-$75,952
Form type
4
Filing time
03 Apr 2024, 18:42:34 UTC
Previous filing
02 Apr 2024
Next filing
07 May 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OGN Common Stock Options Exercise $0 +3,936 +13% $0.000000 35,048 31 Mar 2024 Direct
transaction OGN Common Stock Tax liability $32,186 -1,712 -4.9% $18.80 33,336 31 Mar 2024 Direct
transaction OGN Common Stock Options Exercise $0 +7,794 +23% $0.000000 41,130 31 Mar 2024 Direct
transaction OGN Common Stock Tax liability $43,766 -2,328 -5.7% $18.80 38,802 31 Mar 2024 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 -3,936 -50% $0.000000 3,937 31 Mar 2024 Common Stock 3,936 Direct F1, F2
transaction OGN Restricted Stock Units Options Exercise $0 -7,794 -33% $0.000000 15,590 31 Mar 2024 Common Stock 7,794 Direct F1, F3
* 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 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. On each of March 31, 2023, and March 31, 2024, one-third of the RSUs vested, with the remaining RSUs to vest on March 31, 2025.
F3 On March 31, 2024, one-third of the RSUs vested with the remaining RSUs to vest in two equal installments on March 31, 2025 and March 31, 2026.