Sandra Milligan - 31 Mar 2023 Form 4 Insider Report for Organon & Co. (OGN)

Role
Head of Research & Development
Signature
/s/ Tarnetta V. Jones, as Attorney-in-Fact for Sandra Milligan
Issuer symbol
OGN
Transactions as of
31 Mar 2023
Net transactions value
-$48,835
Form type
4
Filing time
04 Apr 2023, 20:18:19 UTC
Previous filing
02 Mar 2023
Next filing
03 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OGN Common Stock Options Exercise $0 +5,964 +29% $0.000000 26,825 31 Mar 2023 Direct
transaction OGN Common Stock Tax liability $48,835 -2,115 -7.9% $23.09 24,710 31 Mar 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 -5,964 -33% $0.000000 11,928 31 Mar 2023 Common Stock 5,964 Direct F1, F2
transaction OGN Restricted Stock Units Award $0 +29,230 $0.000000 29,230 31 Mar 2023 Common Stock 29,230 Direct F3, F4
transaction OGN Stock Option (right to buy) Award $0 +104,961 $0.000000 104,961 31 Mar 2023 Common Stock 104,961 $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.