DAMELIO FRANK A 4
Research Summary
AI-generated summary
Viatris (VTRS) Director Frank A. D'Amelio Exercises RSUs, Receives Award
What Happened
- Frank A. D'Amelio, a director of Viatris (VTRS), had restricted stock units (RSUs) vest and be converted/exercised on March 6, 2026. The filing shows conversions/exercises of 25,112 and 919 RSU units (total ~26,031) at $0.00 (no cash price reported) and corresponding derivative settlement entries. On the same date he was also recorded as receiving a grant/award of 15,890 RSUs (these new RSUs vest on March 6, 2027). The transactions reflect RSU vesting/settlement and a new RSU award—not an open-market purchase or sale.
Key Details
- Transaction date: March 6, 2026; Form 4 filed March 10, 2026 (reporting period 3/6/2026).
- Transactions: Codes show M = exercise/conversion of derivatives (25,112; 919; plus matching derivative disposition entries) and A = grant/award of 15,890 RSUs.
- Prices/values: Reported price $0.00 for the conversions (typical when RSUs convert to shares rather than being bought). No cash sale proceeds reported.
- Vesting: The converted RSUs vested in full on March 6, 2026; the 15,890 RSUs will vest on March 6, 2027 (per footnote).
- Dividend equivalents: Dividend equivalent units (DEUs) accrued for earlier RSUs (May 12, 2025 grant) and were reported as exempt under Rule 16a-11.
- Fractional shares: Any fractional shares were rounded up in settlement.
- Shares owned after transaction: Not specified in the provided excerpt.
Context
- RSUs are awards that convert to shares when they vest; a $0.00 price in the filing typically indicates settlement of an award rather than a stock purchase. The “disposed”/derivative entries here reflect conversion/settlement mechanics, not an open-market sale. These transactions are routine compensation/settlement activity and do not by themselves indicate a buy or sell opinion.