Leone Deborah R 4

What Happened

• Deborah R. Leone, a director of Organon & Co. (OGN), was granted 17,857.143 phantom stock units on 2026-06-12. The filing values the award at $13.44 per unit for a total grant value of $240,000. This transaction is recorded as an award/derivative (not an open‑market purchase of tradable shares).

Key Details

• Transaction date: 2026-06-12; Grant type: A (award/derivative).
• Units granted: 17,857.143 phantom stock units; per‑unit value: $13.44; total value: $240,000.
• Nature of award: phantom stock units (economic equivalent of one Organon share, 1-for-1).
• Payout terms: Phantom units are granted under the Organon Non‑Employee Director Savings Plan and are payable in cash upon settlement after the director’s termination of service.
• Prior holdings: Filing notes phantom units were also acquired via dividend reinvestment on 9/11/2025, 12/11/2025, 3/12/2026 and 6/11/2026; the filing does not specify a total post‑grant balance.
• Filing timeliness: Form 4 was filed 2026-06-15 for the 2026-06-12 grant (timely under SEC Form 4 rules).

Context

• These phantom stock units are compensation for non‑employee directors and represent a cash‑settled derivative tied to Organon’s share price rather than immediately tradable stock. Such grants are routine director pay and do not directly indicate buying or selling sentiment in the open market.