KILTS JAMES M 4
4 · Viatris Inc · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Viatris (VTRS) Director James Kilts Converts RSUs, Receives RSU Award
What Happened
James M. Kilts, a director of Viatris Inc. (VTRS), had previously granted restricted stock units (RSUs) vest in full on March 6, 2026 and the filing shows conversions/exercises of those derivatives into shares (reported at $0.00). The filing records conversions of 23,660 and 1,175 RSUs into shares and corresponding disposals of 23,660 and 1,174.492 derivative units on March 6, 2026. In addition, Kilts was granted 15,890 RSUs (stock awards) on the same date that will vest on March 6, 2027. All conversion/settlement entries are reported at $0.00, consistent with RSU settlement rather than a market purchase.
Key Details
- Transaction date(s): March 6, 2026; Form 4 filed March 10, 2026 (filing marked late).
- Reported conversions/exercises (derivative M): acquisitions of 23,660 and 1,175 shares at $0.00; corresponding disposals of 23,660 and 1,174.492 derivative units at $0.00. Total converted ≈ 24,835 shares; total disposed ≈ 24,834.492 shares.
- Grant/award (A): 15,890 RSUs @ $0.00 granted on March 6, 2026; these RSUs vest on March 6, 2027 (footnote F4).
- Footnotes of note:
- F1: Fractional shares were rounded up in settlement.
- F2: Each RSU equals the right to one share; the RSUs that vested did so in full on March 6, 2026.
- F3: Some entries reflect dividend equivalent units (DEUs) related to a March 6, 2025 RSU grant; those DEUs are reported as transactions exempt under Rule 16a-11.
- Shares owned after the transactions are not specified in the summary provided.
Context
- These entries reflect RSU vesting/settlement and a new RSU grant rather than an open-market buy or sale; reported $0.00 prices are typical for stock-settled RSU conversions.
- The filing shows near-immediate dispositions of the converted units (reported as disposals); the filing itself includes notes about rounding and DEUs but does not state the reason for the disposals.
- The Form 4 was filed a few days after the March 6 transactions and is marked late in the filing — retail investors should note the lateness when evaluating timeliness of insider disclosure.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-03-06+23,660→ 160,082 total - Exercise/Conversion
Common Stock
[F1]2026-03-06+1,175→ 161,257 total - Exercise/Conversion
Restricted Stock Units
[F2]2026-03-06−23,660→ 0 totalExercise: $0.00→ Common Stock (23,660 underlying) - Exercise/Conversion
Dividend Equivalent Units
[F3]2026-03-06−1,174.492→ 0 totalExercise: $0.00→ Common Stock (1,174.492 underlying) - Award
Restricted Stock Units
[F4]2026-03-06+15,890→ 15,890 totalExercise: $0.00→ Common Stock (15,890 underlying)
Footnotes (4)
- [F1]Fractional shares have been rounded up in connection with the settlement described in footnote 3 pursuant to the terms of the restricted stock unit (RSU) award agreement under the Viatris Inc. 2020 Stock Incentive Plan.
- [F2]Each RSU represents the right to receive one share of common stock of Viatris Inc. These RSUs vested in full on March 6, 2026.
- [F3]Represents dividend equivalent units (DEUs) that accrued with respect to the RSUs previously granted on March 6, 2025 and vested on the same schedule as the underlying RSUs. Amount represents DEUs that accrued with respect to such RSUs in transactions exempt from Section 16 under Rule 16a-11.
- [F4]Each RSU represents the right to receive one share of common stock of Viatris Inc. These RSUs will vest on March 6, 2027.