Joseph T. Morrissey Jr. - Mar 31, 2024 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, 2024
Transactions value $
-$75,952
Form type
4
Date filed
4/3/2024, 06:42 PM
Previous filing
Apr 2, 2024
Next filing
May 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OGN Common Stock Options Exercise $0 +3.94K +12.65% $0.00 35K Mar 31, 2024 Direct
transaction OGN Common Stock Tax liability -$32.2K -1.71K -4.88% $18.80 33.3K Mar 31, 2024 Direct
transaction OGN Common Stock Options Exercise $0 +7.79K +23.38% $0.00 41.1K Mar 31, 2024 Direct
transaction OGN Common Stock Tax liability -$43.8K -2.33K -5.66% $18.80 38.8K Mar 31, 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 -3.94K -49.99% $0.00 3.94K Mar 31, 2024 Common Stock 3.94K Direct F1, F2
transaction OGN Restricted Stock Units Options Exercise $0 -7.79K -33.33% $0.00 15.6K Mar 31, 2024 Common Stock 7.79K 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.