SEC Contract Filing

Filing Date: 2024-02-20

Document Content:
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<TYPE>EX-10.42
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<FILENAME>ex1042securitiestradingp.htm
<DESCRIPTION>EX-10.42
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<DIV><FONT size="1" style="font-size:1pt;color:white">SECURITIES TRADING POLICY 1. SCOPE OF THIS POLICY This Policy applies to all officers and employees (&#8220;Employees&#8221;) of West Pharmaceutical Services, Inc. and its subsidiaries worldwide (the &#8220;Company&#8221; or &#8220;West&#8221;). This Policy also applies to members of the Board of Directors of the Company (&#8220;Directors&#8221;). 2. OVERVIEW Trading in the securities of the Company and the companies with which we do business can create significant personal risk for Employees and Directors if such trades are deemed to have been completed in violation of U.S. securities laws. This Policy is intended to assist Employees and Directors in complying with relevant securities laws. This Policy sets out: &#8226; the basic obligations of Employees and Directors having knowledge of Material Non- Public Information (as defined below) concerning West or the companies with which West does business; &#8226; additional obligations of: (i) Employees who are working on confidential projects or have regular access to Material Non-Public Information; and (ii) Directors and Section 16 Officers (as defined below) when trading West securities; &#8226; rules relating to special transactions such as hedging, margin accounts and pledged securities; and &#8226; rules relating to Trading Windows (as defined below) and Approved Trading Plans (see Section 7 below). 3. MATERIAL NON-PUBLIC INFORMATION Material Non-Public Information is information that, if known by the public, could reasonably be expected to have an effect on the price of publicly-traded securities of West or the securities of companies with which West does business. Examples of Material Non-Public Information include plans for mergers or significant acquisitions, pending public release of earnings and financial results and news of major changes in senior management or organizational structure. Material Non-Public Information is commonly referred to as &#8216;inside information.&#8217; It is not always easy to discern that which is and is not Material Non-Public Information. Persons with questions or who seek clarification should contact the General Counsel&#8217;s office. Effective 4/15/2021 Exhibit 10.42 </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">4. TRADING RESTRICTIONS BASED ON POSSESSION OF MATERIAL NON-PUBLIC INFORMATION Employees and Directors who are in possession of Material Non-Public Information must abide by the following rules: A. Universal Rule Applicable to all Employees and Directors Employees and Directors who are in possession of Material Non-Public Information cannot buy or sell the securities of the company to which the information pertains until such time as that information has been made public. Employees and Directors are also under a duty not to disclose Material Non-Public Information to: (i) anyone within the Company whose jobs do not require them to have such information; or (ii) to anyone outside the Company, including family and friends. If an Employee or Director is in possession of Material Non-Public Information concerning West or a company with which West does business, that person may not buy or sell the securities of West or that company until such time as that information has been made public and only then after the passing of two (2) full trading days from the date such information has been made public. Questions as to when one can trade in the securities of the Company in compliance with this Policy should be directed to the General Counsel&#8217;s office. See below for additional rules that apply to those Employees who have been designated Insiders (as defined below). B. Rule for Directors and Section 16 Officers Directors of the Company and Employees who are designated as executive officers under Section 16 of the Securities Exchange Act of 1934 (the &#8220;Exchange Act&#8221;) (such Employees also are referred to as &#8220;Section 16 Officers&#8221;) must immediately report their trades in Company securities to the person designated by the General Counsel who then arranges for notifications required by law to be filed with the Securities and Exchange Commission. Because most notifications must be filed within two (2) business days of the trade, it is essential that all trades be reported on the day they are ordered. C. Rules for Employees Who Have Been Designated as Insiders An Employee may be deemed a &#8220;Temporary Insider&#8221; or a &#8220;Continuing Insider&#8221; depending on his/her role within the Company and his/her exposure to Material Non- Public Information. </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">An Employee who works on a confidential project may be exposed to Material Non- Public Information and shall be designated as a &#8220;Temporary Insider&#8221; for the project&#8217;s duration. An Employee who, on a regular basis, has access to Material Non-Public Information related to the Company shall be designated by the General Counsel&#8217;s office as a &#8220;Continuin