Miele Laura 4

What Happened

• Laura Miele, a director of On Holding AG (ONON), was granted 1,689 restricted stock units (RSUs) on March 24, 2026 that vested immediately. To satisfy tax withholding on the vesting, 423 of the newly vested Class A shares were withheld at a reported price of $35.16 per share, resulting in $14,873 withheld.
• This is primarily an award/vesting event (code A). The withholding (code F) represents a routine tax-satisfaction action, not a discretionary open-market sale or purchase.

Key Details

• Transaction dates: Grant/vesting on 2026-03-24; withholding/tax payment recorded 2026-03-26 (filed the same day).
• Withheld shares: 423 shares withheld at $35.16/share for $14,873 total.
• Awarded shares: 1,689 RSUs granted and vested into Class A shares immediately (per footnote).
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 confirms the 1,689 RSUs were granted and vested immediately; F2 states the 423 shares were withheld at the reporting person's election to satisfy tax withholding and that this was not a discretionary trade.
• Timeliness: Filing was made within the normal Form 4 reporting window (filed March 26 for a March 24 transaction).

Context

• RSU vesting is an award event that increases holdings; the subsequent withholding is a common cashless method to pay taxes and should not be interpreted as a sell-initiated market view.
• Transaction codes: A = Award/Grant; F = Shares withheld to satisfy tax withholding.