PARRISH MARK W 4
Research Summary
AI-generated summary
Viatris (VTRS) Director Mark Parrish Exercises/Receives RSU Award
What Happened
- Mark W. Parrish, a director of Viatris Inc., had previously granted restricted stock units (RSUs) vest on March 6, 2026 and those RSUs converted into common shares (reported as exercise/conversion of a derivative). The filing shows conversions of 23,660 and 1,175 RSUs (reported as acquired at $0) and corresponding disposals of 23,660 and 1,174.492 shares (derivative disposals at $0). In the same set of transactions, Parrish received a new RSU grant of 15,890 shares (reported as an award/acquisition at $0). No cash changed hands per the filing.
Key Details
- Transaction date(s): March 6, 2026; Form 4 filed March 10, 2026 (timely).
- Reported transactions:
- Exercise/conversion (M): 23,660 shares @ $0.00 (acquired) and 1,175 shares @ $0.00 (acquired).
- Dispositions (derivative): 23,660 shares @ $0.00 and 1,174.492 shares @ $0.00.
- Grant/award (A): 15,890 RSUs @ $0.00 (acquired).
- Vesting/award notes:
- Footnote F2: The RSUs that converted vested in full on March 6, 2026.
- Footnote F4: The 15,890 RSU award will vest on March 6, 2027.
- Footnote F1: Fractional shares were rounded up in settlement.
- Footnote F3: Dividend equivalent units (DEUs) accrued on prior RSUs; those DEU transactions were exempt under Rule 16a‑11.
- Shares owned after the transactions: not specified in the excerpt of the filing.
Context
- These transactions reflect RSU vesting/conversion and a new RSU grant rather than an open‑market buy or sale for cash. The zero dollar prices indicate conversion/award events (no purchase price). It is common in RSU vesting for some shares to be surrendered or sold to cover taxes or fees; the filing reports corresponding derivative disposals but does not state the reason.