SEVERINO MICHAEL 4

What Happened
Michael Severino, a director of Viatris Inc. (VTRS), had several derivative transactions and an RSU grant reported for March 6, 2026. On that date he exercised/converted derivative awards for 25,112 shares and 919 shares (exercise price $0.00) and simultaneously had derivative-related disposals of 25,112 and 918.455 shares (all $0.00). In addition, he was granted/received 15,890 restricted stock units (RSUs) (acquisition at $0.00). Because the exercise/conversion prices were $0.00, these transactions reflect settlement/conversion of awards rather than an open-market cash purchase; the filing reports $0 total cash exchanged for these movements.

Key Details

• Transaction date: March 6, 2026; Form 4 filed March 10, 2026 (accession 0001140361-26-008883). No late-filing flag provided in the data shown.
• Transactions: Exercise/conversion (code M) — 25,112 and 919 shares acquired at $0.00; corresponding derivative disposals of 25,112 and 918.455 shares at $0.00; Grant/award (code A) — 15,890 RSUs acquired at $0.00.
• Shares owned after transaction: not specified in the provided excerpt.
• Footnotes of note: fractional shares were rounded up for settlement (F1); some RSUs vested in full on March 6, 2026 (F2); certain dividend-equivalent units (DEUs) accrued on May 12, 2025 RSUs and were treated as exempt transactions under Rule 16a-11 (F3); the 15,890 RSUs are described as RSUs that will vest on March 6, 2027 (F4).
• Monetary consideration: all reported transactions show $0.00 per share / $0 total, consistent with RSU settlement/conversion rather than cash exercise.

Context

• For retail investors: exercises/conversions at $0 typically indicate settlement of RSUs or similar awards, not market purchases or sales that signal a cash investment or liquidation.
• Same-day disposals tied to exercised/converted derivative awards are often administrative (e.g., settlement, withholding, or conversion mechanics); the filing here labels those disposals as derivative-related.
• These transactions are disclosures of compensation-related award activity by a director and are factual records of award settlement and grant rather than open-market buying or selling decisions.