Patton Cynthia M 4

What Happened

• Cynthia M. Patton, a director of Organon & Co. (OGN), received a grant of 17,857.143 phantom stock units on 2026-06-12. The units are reported at $13.44 each for a total reported value of $240,000. This is an award/compensation grant (derivative), not an open‑market purchase or sale.

Key Details

• Transaction date and terms: 2026-06-12; 17,857.143 phantom stock units @ $13.44 = $240,000.
• Filing date: Form 4 filed 2026-06-15 (timely based on typical Form 4 deadlines).
• Shares/units after transaction: not specified in the excerpt provided. Footnote F3 notes prior phantom units were acquired via dividend reinvestment on 9/11/2025, 12/11/2025, 3/12/2026 and 6/11/2026.
• Notable footnotes:
  • F1: Each phantom stock unit equals one share of Organon common stock (1-for-1).
  • F2: Units are granted under the Organon Non‑Employee Director Savings Plan and are payable in cash upon settlement after the reporting person's termination of director service.
  • F3: Holdings include phantom stock from earlier dividend reinvestment transactions.

Context

• These are phantom (cash‑settled) stock units — a deferred cash award tied to the company’s share value — rather than actual shares delivered immediately. Such grants are routine director compensation and do not by themselves indicate a buy or sell signal.