SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Malik Rajiv

(Last) (First) (Middle)
1000 MYLAN BOULEVARD

(Street)
CANONSBURG PA 15317

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Viatris Inc [ VTRS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
03/03/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/03/2025 M 81,761 A $0 587,599 D
Common Stock 03/03/2025 F 36,536(1) D $9.33 551,063 D
Common Stock 03/03/2025 M 7,669(2) A $0 558,732 D
Common Stock 03/03/2025 F 3,336(3) D $9.33 555,396 D
Common Stock 03/04/2025 M 82,353 A $0 637,749 D
Common Stock 03/04/2025 F 35,816(4) D $9.37 601,933 D
Common Stock 03/04/2025 M 10,962(5) A $0 612,895 D
Common Stock 03/04/2025 F 4,768(6) D $9.37 608,127 D
Common Stock 03/04/2025 M 18,845 A $0 626,972 D
Common Stock 03/04/2025 M 602(7) A $0 627,574 D
Common Stock 03/04/2025 M 779,841 A $0 1,407,415 D
Common Stock 03/04/2025 F 339,153(8) D $9.37 1,068,262 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units(9) $0 03/03/2025 M 81,761 (10) (10) Common Stock 81,761 $0 81,761 D
Dividend Equivalent Units $0 03/03/2025 M 7,668.0912(11) (12) (12) Common Stock 7,668.0912 $0 7,668(11) D
Restricted Stock Units(9) $0 03/04/2025 M 82,353 (13) (13) Common Stock 82,353 $0 0 D
Dividend Equivalent Units $0 03/04/2025 M 10,961.2736(11) (14) (14) Common Stock 10,961.2736 $0 0 D
Restricted Stock Units(15) $0 03/04/2025 M 18,845 (16) (16) Common Stock 18,845 $0 0 D
Dividend Equivalent Units $0 03/04/2025 M 601.6204(11) (17) (17) Common Stock 601.6204 $0 0 D
Performance Restricted Stock Units(9)(18) $0 03/04/2025 A 779,841(18) (19) (19) Common Stock 779,841 $0 779,841 D
Performance Restricted Stock Units $0 03/04/2025 M 779,841 (19) (19) Common Stock 779,841 $0 0 D
Explanation of Responses:
1. 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 3, 2023.
2. Fractional shares have been rounded up in connection with the settlement described in footnote 12 pursuant to the terms of the RSU award agreement under the Viatris Inc. 2020 Stock Incentive Plan.
3. 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 3, 2023.
4. 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.
5. Fractional shares have been rounded up in connection with the settlement described in footnote 14 pursuant to the terms of the RSU award agreement under the Viatris Inc. 2020 Stock Incentive Plan.
6. 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.
7. Fractional shares have been rounded up in connection with the settlement described in footnote 17 pursuant to the terms of the RSU award agreement under the Viatris Inc. 2020 Stock Incentive Plan.
8. Represents withholding of shares of common stock for the tax liability associated with the vesting and settlement of the performance restricted stock units (PRSUs) granted on March 4, 2022.
9. As previously disclosed on October 20, 2023, the reporting person informed Viatris Inc. (Viatris) of his intention to retire from his executive role with Viatris effective as of April 1, 2024 and agreed to remain a member of Viatris' Board of Directors. Represents award granted for executive service.
10. Each RSU represents the right to receive one share of common stock of Viatris. 81,762 of the RSUs granted on March 3, 2023 vested on March 3, 2024, 81,761 vested on March 3, 2025 and 81,761 will vest on March 3, 2026.
11. Amount represents DEUs that accrued with respect to such RSUs in transactions exempt from Section 16 under Rule 16a-11.
12. Represents DEUs that accrued with respect to the RSUs previously granted on March 3, 2023 and vest on the same schedule as the underlying RSUs.
13. Each RSU represents the right to receive one share of common stock of Viatris. 82,353 of the RSUs granted on March 4, 2022 vested on each of March 4, 2023, March 4, 2024 and March 4, 2025.
14. 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.
15. As previously disclosed on October 20, 2023, the reporting person informed Viatris of his intention to retire from his executive role with Viatris effective as of April 1, 2024 and agreed to remain a member of Viatris' Board of Directors. As a non-employee director, the reporting person is eligible to participate in Viatris' non-employee director compensation program. Represents RSUs granted for such service, consistent with the grants provided to Viatris' other non-employee directors.
16. Each RSU represents the right to receive one share of common stock of Viatris. These RSUs vested in full on March 4, 2025.
17. Represents DEUs that accrued with respect to the RSUs previously granted on April 2, 2024 and vested on the same schedule as the underlying RSUs.
18. Amount includes DEUs that accrued with respect to the PRSUs previously granted on March 4, 2022 and vest on the same schedule as the underlying PRSUs. Fractional shares with respect to such DEUs were rounded up pursuant to the terms of the PRSU award agreement under the Viatris Inc. 2020 Stock Incentive Plan.
19. Each PRSU represents the right to receive one share of common stock of Viatris. The PRSUs were initially granted on March 4, 2022, subject to the attainment of previously established three-year performance goals and a vesting period. The PRSUs vested on March 4, 2025.
/s/ Kevin Macikowski, by power of attorney 03/05/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.