Weiss Amir 4
Research Summary
AI-generated summary
TEVA Chief Accounting Officer Amir Weiss Converts RSUs and Receives Award
What Happened
Amir Weiss, Chief Accounting Officer of Teva Pharmaceutical Industries Ltd (TEVA), had 16,329 restricted share units (RSUs) vest and convert into ordinary shares on March 4, 2026 (10,679 + 5,650). Those vested RSUs were recorded as exercised/converted (derivative transactions) with a $0.00 cash price. On the same date he was also awarded 11,280 new RSUs (no cash paid) as a grant that will vest over future years.
Key Details
- Transaction date: March 4, 2026; Form 4 filed March 6, 2026 (appears timely).
- Vesting/conversion: 10,679 RSUs (from 2022 grant) + 5,650 RSUs (from 2024 grant) = 16,329 RSUs converted to shares; reported derivative “disposed” amount shows $0.00 (no cash sale).
- New award: 11,280 RSUs granted on March 4, 2026 (recorded as acquisition at $0.00). Per footnotes, these 11,280 RSUs vest 2,820 on each of March 4, 2027–2030.
- Footnotes:
- F1: Ordinary Shares may be represented by American Depositary Shares (ADS), each currently equal to one ordinary share.
- F2–F5: RSUs represent contingent rights to one ordinary share (or cash at committee option); detailed vesting schedules provided for 2022, 2024 and 2026 grants.
- Shares owned after the transactions: not provided in the data supplied.
Context
These transactions are compensation-related (vesting and new RSU grant), not open-market purchases or sales. The exercise/conversion entries reflect RSUs vesting and being settled into shares rather than an insider buying or selling stock; the new RSU award vests over multiple years and does not represent immediate transferable stock. Such routine equity-compensation filings are common for executives and do not, by themselves, indicate a buy or sell signal.