Jazz Pharmaceuticals Director Patrick G. Enright Disposes of Shares for Tax Obligations
Jazz Pharmaceuticals plc
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Filing Summary
📋 Form 4 Filing: Jazz Pharmaceuticals plc ($JAZZ) Insider: Patrick G. Enright (Director) Action: Disposition (Tax Withholding - Code F) Shares Transacted: 1,706 Average Price: ~$241.42 Total Value: $411,856.90 Shares Held After: 21,278 Significance: Low (Routine disposition to cover tax withholding obligations from RSU vesting)
Comprehensive Analysis
Executive Summary
On August 31, 2026, Jazz Pharmaceuticals plc director Patrick G. Enright executed two dispositions of ordinary shares totaling 1,706 shares valued at approximately $411,857. The transactions were reported on Form 4 filed on September 2, 2026.
Transaction Details
- Security: Ordinary Shares
- Transaction Code: F (Payment of exercise price or tax liability by delivering or withholding securities)
- Tranche 1: 14 shares disposed at $244.6443 per share ($3,425.02 total value)
- Tranche 2: 1,692 shares disposed at $241.39 per share ($408,431.88 total value)
- Total Shares Disposed: 1,706 shares
- Total Value: $411,856.90
- Post-Transaction Direct Ownership: 21,278 shares
Strategic Context & Market Impact
As stated in the filing footnotes, these shares were sold/withheld specifically to satisfy tax obligations arising from the vesting of previously granted restricted stock units (RSUs). Because this was a non-discretionary transaction code 'F' event rather than an open-market discretionary sale, it carries low informational signal regarding executive sentiment or future corporate performance.
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