On Holding (ONON) Director Dennis Durkin Sells 723 Shares

What Happened
Dennis M. Durkin, a director of On Holding AG (ONON), had 723 shares withheld on September 24, 2026, at $30.16 per share to satisfy tax withholding obligations tied to restricted stock units. The withheld shares were disposed for a total value of approximately $21,806. This was a tax-withholding transaction (code F), not an open-market sale or discretionary trade by the reporting person.

Key Details

• Transaction date: 2026-09-24
• Price per share: $30.16
• Shares withheld/disposed: 723
• Total value: ~$21,806
• Shares owned after transaction: Not disclosed in the provided filing excerpt
• Footnote: Shares were withheld at the reporting person's election to satisfy tax withholding for RSUs granted on 2026-09-21 (per Form 4 filed 2026-09-23). The filing notes this was not a discretionary trade.
• Filing date: Form 4 filed 2026-09-28. This filing is consistent with routine timing and was not reported as late.

Context
Code F transactions are routine tax-withholding events when restricted stock units vest; they generally reflect tax settlement rather than a decision to sell shares for cash. Such withholdings are common and do not necessarily indicate the insider's view of the company's prospects.