Drinane Juliana Papa 4

What Happened

• Drinane Juliana Papa, Interim Head of Manufacturing & Supply at Organon (OGN), had 7,979 Restricted Stock Units (RSUs convert to shares) vest and convert to common stock on March 29, 2026. Of those, 2,733 shares were withheld to satisfy tax withholding (reported as a disposition) at an effective withholding price of $5.84 per share, totaling $15,961. Net shares received after withholding: 5,246 shares.
• This was not an open-market sale or purchase by the insider but routine vesting and tax withholding under the company’s equity plan.

Key Details

• Transaction date: March 29, 2026 (vesting/conversion); withholding value used: $5.84/share (closing price on March 27, 2026 per footnote).
• Shares involved: 7,979 RSUs vested → 7,979 shares converted; 2,733 shares withheld for taxes; net delivered to insider = 5,246 shares.
• Footnotes: F1 — $5.84 is the closing price used for the plan’s withholding; F2 — each RSU = 1 share; F3 — these RSUs vest in three equal installments (Mar 29, 2025; Mar 29, 2026; Mar 29, 2027).
• Filing shows routine tax withholding (transaction code F) and RSU conversion (code M). No indication this filing was late.

Context

• The M-code entries reflect conversion/exercise of RSUs into shares; the F-code entry reflects shares withheld to satisfy withholding tax — a common, administrative action and not an open-market sale. Such award vesting is routine compensation and shouldn’t be read as an independent buy/sell signal.