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Viatris Inc·4

Mar 10, 7:03 PM ET

SIMMONS DAVID S 4

Research Summary

AI-generated summary

Updated

Viatris (VTRS) Director David Simmons Exercises RSUs, Buys Shares

What Happened

  • David S. Simmons, a director of Viatris Inc. (VTRS), reported a mix of small open-market purchases in 2025 and RSU-related activity that settled on March 6, 2026. He purchased 286 shares on 2025-08-27 at $10.42 ($2,981) and 213 shares on 2025-11-03 at $10.43 ($2,221). On March 6, 2026, a set of restricted stock units (RSUs) vested (15,890 shares granted), certain derivative positions were converted/settled and roughly 23,343 shares were withheld/disposed (derivative transactions) consistent with tax withholding/settlement procedures.

Key Details

  • Open-market purchases:
    • 2025-08-27: 286 shares @ $10.42 = $2,981 (Footnote F1/F2: acquired in managed accounts via investment advisor)
    • 2025-11-03: 213 shares @ $10.43 = $2,221
    • Total open-market purchases in 2025: 499 shares for ~$5,202
  • RSU/derivative activity (3/6/2026):
    • 15,890 shares reported as a grant/award (RSUs vested) — $0 per share (Footnote F5)
    • Conversion/exercise entries of ~22,820 and ~524 shares followed by dispositions of ~22,820 and ~523.04 shares (derivative), indicating conversion and share withholding/settlement; fractional rounding noted (F4)
    • Dividend equivalent units (DEUs) also accrued for certain RSUs (F6)
  • Notable footnotes:
    • F1/F2: Some purchases were executed by the reporting person's investment advisors in managed accounts.
    • F3: Certain small holdings are held in family trusts for which the reporting person or spouse serve as trustee.
    • F5–F7: Explain RSU rights, vesting on 3/6/2026 for the vested RSUs and different RSUs vesting on 3/6/2027.
  • Filing: Form 4 filed 2026-03-10 reporting activity through 2026-03-06 (no late-filing flag shown in the provided data).

Context

  • The March 6 entries reflect RSUs vesting and routine settlement/tax-withholding (derivative dispositions), not open-market sell activity; the zero-dollar exercise price and simultaneous dispositions are typical when RSUs convert to shares and shares are withheld to satisfy taxes.
  • The two small 2025 open-market purchases (~499 shares, ~$5.2K) are modest insider buys and may be of interest to retail investors but are small in dollar terms relative to typical institutional trades.