Savage Brian 4

What Happened
Brian Savage, TEVA’s Interim Chief Legal Officer, had 3,580 restricted share units (RSUs) vest on March 5, 2026 and these converted to 3,580 ordinary shares (reported as an exercise/conversion). On the same date he disposed of 1,127 shares in an open‑market sale for a weighted average price of $31.67, generating $35,690 in proceeds. The filing also shows 3,580 shares were marked as disposed with $0 proceeds — these represent shares withheld/settled to satisfy tax withholding associated with the RSU vesting.

Key Details

• Transaction date: March 5, 2026; Form 4 filed March 9, 2026 (timely).
• Open‑market sale: 1,127 shares at a weighted average price of $31.67; proceeds $35,690. Price range across trades: $31.26–$32.34 (footnote F4).
• RSU conversion (exercise/conversion, code M): 3,580 shares acquired upon vesting; 3,580 shares shown as disposed at $0, reflecting tax withholding/net settlement (footnote F3).
• RSU grant/vesting schedule: RSUs were granted Mar 5, 2025; 3,580 vested on Mar 5, 2026 and further tranches vest in 2027–2029 (footnote F5).
• ADS note: Ordinary shares may be represented by American Depositary Shares (each currently equals one ordinary share) (footnote F1).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.

Context

• The M (exercise/conversion) entries reflect RSUs vesting and converting into ordinary shares rather than an option purchase. The $0 proceeds line and the footnote indicate shares were withheld or net‑settled to cover tax withholding — a routine administrative step that doesn’t necessarily signal a view on company prospects.
• The open‑market sale generated a modest amount (~$35.7k); sales to cover taxes or required withholding are common after RSU vesting and are generally considered routine rather than a strong negative signal.