Miele Laura 4

What Happened

• Laura Miele, a director of On Holding AG (ONON), had 434 shares withheld to satisfy tax withholding obligations tied to restricted stock units (RSUs) that vested/released on June 22, 2026. The shares were valued at $36.92 each, totaling about $16,023.
• This was a tax-withholding/cashless settlement (transaction code F), not a voluntary open-market sale or purchase by the reporting person.

Key Details

• Transaction date: 2026-06-25; Filing date: 2026-06-29.
• Price per share: $36.92; Shares withheld/disposed: 434; Approximate total value: $16,023.
• Shares owned after the transaction: not specified in this Form 4 (see the Form 4 filed June 24, 2026 for the underlying RSU grant details).
• Footnote: Shares were withheld at the reporting person’s election to satisfy tax withholding for RSUs granted June 22, 2026; the filing states this was not a discretionary trade.
• Timing note: The report was filed four days after the transaction (Form 4s are typically due within two business days), so investors may wish to check related filings or company disclosures for full timing context.

Context

• Tax-withholding (cashless) settlements are routine and generally do not signal the insider’s view of the company’s stock; they simply cover taxes due on vested awards.
• For traders watching insider activity, purchases and open-market sales tend to be more informative about sentiment than withholding transactions like this one.