Sanjeev Narula - Mar 2, 2023 Form 4 Insider Report for Viatris Inc (VTRS)

Signature
/s/ Kevin Macikowski, by power of attorney
Stock symbol
VTRS
Transactions as of
Mar 2, 2023
Transactions value $
-$331,407
Form type
4
Date filed
3/6/2023, 06:00 PM
Previous filing
Mar 1, 2023
Next filing
Aug 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VTRS Common Stock Options Exercise $0 +26.1K +74.27% $0.00 61.3K Mar 2, 2023 Direct
transaction VTRS Common Stock Tax liability -$126K -11.4K -18.53% $11.13 49.9K Mar 2, 2023 Direct F1
transaction VTRS Common Stock Options Exercise $0 +2.07K +4.14% $0.00 52K Mar 2, 2023 Direct F2
transaction VTRS Common Stock Tax liability -$10K -899 -1.73% $11.13 51.1K Mar 2, 2023 Direct F3
transaction VTRS Common Stock Options Exercise $0 +38.9K +76.09% $0.00 90K Mar 4, 2023 Direct
transaction VTRS Common Stock Tax liability -$188K -16.9K -18.79% $11.13 73.1K Mar 4, 2023 Direct F4
transaction VTRS Common Stock Options Exercise $0 +1.4K +1.91% $0.00 74.5K Mar 4, 2023 Direct F5
transaction VTRS Common Stock Tax liability -$6.77K -608 -0.82% $11.13 73.9K Mar 4, 2023 Direct F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VTRS Restricted Stock Units Options Exercise $0 -26.1K -50% $0.00 26.1K Mar 2, 2023 Common Stock 26.1K $0.00 Direct F7
transaction VTRS Dividend Equivalent Units Options Exercise $0 -2.07K -50% $0.00 2.07K Mar 2, 2023 Common Stock 2.07K $0.00 Direct F8, F9
transaction VTRS Restricted Stock Units Award $0 +116K $0.00 116K Mar 3, 2023 Common Stock 116K $0.00 Direct F10
transaction VTRS Restricted Stock Units Options Exercise $0 -38.9K -33.33% $0.00 77.8K Mar 4, 2023 Common Stock 38.9K $0.00 Direct F11
transaction VTRS Dividend Equivalent Units Options Exercise $0 -1.4K -33.33% $0.00 2.8K Mar 4, 2023 Common Stock 1.4K $0.00 Direct F12, F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents withholding of shares of common stock for the tax liability associated with the vesting and settlement of a portion of the restricted stock units (RSUs) granted on March 2, 2021.
F2 Fractional shares have been rounded up in connection with the settlement described in footnote 9 pursuant to the terms of the RSU award agreement under the Viatris Inc. 2020 Stock Incentive Plan.
F3 Represents withholding of shares of common stock for the tax liability associated with the vesting and settlement of a portion of the dividend equivalent units (DEUs) that accrued with respect to the RSUs previously granted on March 2, 2021.
F4 Represents withholding of shares of common stock for the tax liability associated with the vesting and settlement of a portion of the RSUs granted on March 4, 2022.
F5 Fractional shares have been rounded up in connection with the settlement described in footnote 13 pursuant to the terms of the RSU award agreement under the Viatris Inc. 2020 Stock Incentive Plan.
F6 Represents withholding of shares of common stock for the tax liability associated with the vesting and settlement of a portion of the DEUs that accrued with respect to the RSUs previously granted on March 4, 2022.
F7 Each RSU represents the right to receive one share of common stock of Viatris Inc. (Viatris). 26,126 of the RSUs granted on March 2, 2021 vested on March 2, 2022, 26,125 vested on March 2, 2023 and 26,126 will vest on March 2, 2024.
F8 On May 6, 2022, Viatris filed a registration statement on Form S-3 with respect to its Dividend Reinvestment and Share Purchase Plan; amount includes DEUs that subsequently accrued with respect to such RSUs in June 2022, September 2022 and December 2022 in transactions exempt from Section 16 under Rule 16a-11.
F9 Represents DEUs that accrued with respect to the RSUs previously granted on March 2, 2021 and vest on the same schedule as the underlying RSUs.
F10 Each RSU represents the right to receive one share of common stock of Viatris. 38,785 of the RSUs granted on March 3, 2023 will vest on March 3, 2024 and 38,784 will vest on each of March 3, 2025 and March 3, 2026.
F11 Each RSU represents the right to receive one share of common stock of Viatris. 38,889 of the RSUs granted on March 4, 2022 vested on March 4, 2023 and 38,889 will vest on each of March 4, 2024 and March 4, 2025.
F12 On May 6, 2022, Viatris filed a registration statement on Form S-3 with respect to its Dividend Reinvestment and Share Purchase Plan; amount represents DEUs that subsequently accrued with respect to such RSUs in June 2022, September 2022 and December 2022 in transactions exempt from Section 16 under Rule 16a-11.
F13 Represents DEUs that accrued with respect to the RSUs previously granted on March 4, 2022 and vest on the same schedule as the underlying RSUs.