Sabag Mark 4
4 · TEVA PHARMACEUTICAL INDUSTRIES LTD · Filed Mar 6, 2026
Research Summary
AI-generated summary of this filing
TEVA EVP Mark Sabag Converts RSUs, Receives New Award
What Happened
- Mark Sabag, Executive Vice President, International Markets Commercial at Teva Pharmaceutical Industries (TEVA), had restricted share units (RSUs) vest and convert into ordinary shares and also received a new RSU award on March 4, 2026. Specifically, 33,512 RSUs and 18,601 RSUs vested and were converted (total 52,113 shares), and he was granted 30,385 new RSUs. The reported per-share price is $0.00, indicating these were awards/conversions rather than cash purchases or open-market sales.
Key Details
- Transaction date: March 4, 2026; Form 4 filed March 6, 2026 (appears timely).
- Converted/Exercised (M): 33,512 and 18,601 RSUs converted to shares (total 52,113); reported disposal price $0.00 (conversion, not a sale).
- Grant/Award (A): 30,385 RSUs granted on March 4, 2026 at $0.00.
- Footnotes: F1 notes ordinary shares may be represented by American Depositary Shares (ADS). F3–F5 detail vesting schedules: the converted RSUs were from earlier grants (2022 and 2024) that vested on March 4, 2026; the new 2026 grant vests in installments (2027–2030).
- Shares owned after the transactions are not specified in the supplied filing details.
Context
- These entries reflect routine equity compensation activity (vesting/conversion of RSUs and a new RSU grant), not open-market buying or selling. The $0.00 amounts indicate conversion/award mechanics rather than cash transactions; no immediate sale of shares is reported here. Such grants and vesting are standard for executives and do not by themselves indicate a buy or sell signal.
Insider Transaction Report
Form 4
Sabag Mark
See "Remarks"
Transactions
- Exercise/Conversion
Ordinary Shares
[F1][F2]2026-03-04+33,512→ 252,718 total - Exercise/Conversion
Ordinary Shares
[F1][F2]2026-03-04+18,601→ 271,319 total - Exercise/Conversion
Restricted Share Units
[F2][F3][F1]2026-03-04−33,512→ 0 total→ Ordinary Shares (33,512 underlying) - Exercise/Conversion
Restricted Share Units
[F2][F4][F1]2026-03-04−18,601→ 37,202 total→ Ordinary Shares (18,601 underlying) - Award
Restricted Share Units
[F2][F5][F1]2026-03-04+30,385→ 30,385 total→ Ordinary Shares (30,385 underlying)
Footnotes (5)
- [F1]The Ordinary Shares may be represented by American Depositary Shares, each of which currently represents one Ordinary Share.
- [F2]Each restricted share unit represents a contingent right to receive, at settlement, one ordinary share or, at the option of the Human Resources and Compensation Committee, the cash value of one ordinary share.
- [F3]Restricted share units were granted on March 4, 2022, with 33,512 vested on each of March 4, 2023, March 4, 2024, March 4, 2025 and March 4, 2026.
- [F4]Restricted share units were granted on March 4, 2024, with 18,601 vested on each of March 4, 2025 and March 4, 2026, and 18,601 vesting on each of March 4, 2027 and March 4, 2028.
- [F5]Restricted share units were granted on March 4, 2026, with 7,596 vesting on each of March 4, 2027, March 4, 2028 and March 4, 2029, and 7,597 vesting on March 4, 2030.
Signature
/s/ Dov Bergwerk as attorney-in-fact for Mark Sabag|2026-03-06