Ciaffoni Joseph 4
4 · Indivior Pharmaceuticals, Inc. · Filed Jun 23, 2026
Research Summary
AI-generated summary of this filing
Indivior (INDV) CEO Joseph Ciaffoni Receives Award; Shares Withheld
What Happened Joseph Ciaffoni, CEO of Indivior plc, had 1,266,903 performance stock units (PSUs) vest on June 22, 2026. Each PSU converted into one share of common stock, and 612,549 of the resulting shares were withheld to satisfy tax withholding obligations at a reported per-share price of $38.32, generating proceeds of approximately $23,472,878. The remaining 654,354 shares were delivered to him.
Key Details
- Transaction date: June 22, 2026; Form 4 filed June 23, 2026 (timely).
- Vesting/conversion: 1,266,903 PSUs converted to shares (derivative conversion, code M).
- Tax withholding: 612,549 shares withheld/disposed at $38.32 per share for taxes (code F); total value ≈ $23,472,878.
- Each PSU equals one share (per filing footnote).
- Shares owned after the transaction: not reported in this filing.
- Footnotes: vesting was due to performance conditions being met at 100%; withheld shares satisfied tax obligations.
Context This was an award vesting (performance-based equity) rather than an open-market purchase or discretionary sale. The share disposition was a routine withholding to cover taxes, which is common and does not by itself indicate a change in executive conviction about the company.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2]2026-06-22+1,266,903→ 1,402,879 total - Tax Payment
Common Stock
[F3]2026-06-22$38.32/sh−612,549$23,472,878→ 790,330 total - Exercise/Conversion
Performance Stock Units
[F2][F1]2026-06-22−1,266,903→ 0 total→ Common Stock (1,266,903 underlying)
Footnotes (3)
- [F1]Represents the vesting of performance stock units upon the determination that the performance conditions were met at 100% with respect to the performance stock units granted to the Reporting Person on May 13, 2025. As a result, 1,266,903 shares vested on June 22, 2026.
- [F2]Each performance stock unit represents a contingent right to receive one share of the Issuer's common stock.
- [F3]Shares withheld to satisfy tax withholding obligations associated with the vesting of performance stock units on June 22, 2026.