Skip to main content

INDIVIOR PLC

For the period ended Dec 31, 2024. Filed Mar 3, 2025.

View on SEC.gov

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 3, 2025

INDV$36.28+2.6%Stored close · as of Nov 2, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Cover page

Show cover page

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2024

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Commission file number:001-37835

(Exact name of registrant as specified in its charter)

England and Wales98-1204773
State or other jurisdiction of incorporation or organization(I.R.S. Employer Identification No.)
10710 Midlothian Turnpike Suite 125North Chesterfield, VA 23235
(address of principal executive offices)(zip code)
Securities Registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Ordinary shares, $0.50 nominal value per shareINDVThe Nasdaq Stock Market LLC
INDVLondon Stock Exchange

Securities registered pursuant to section 12(g) of the Act: None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐No ☑

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐No ☑

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes☑ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes☑ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.

☑Large accelerated filer☐Accelerated filer
☐Non-accelerated filer☐Smaller reporting company
☐Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☑

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No☑

The aggregate market value of the voting and non-voting common equity held by non-affiliates at June 28, 2024 was approximately $2.15 billion based on the Nasdaq closing price for such shares on that date. For purposes of this calculation, the registrant has assumed that all of its directors and executive officers are affiliates.

As of March 1, 2025, the number of outstanding ordinary shares was 124,655,858.

DOCUMENTS INCORPORATED BY REFERENCE

None.

TABLE OF CONTENTS

TABLE OF CONTENTSi
GLOSSARY1
IMPORTANT CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS5
PART I8
Item 1. Business.8
Overview8
Industry Overview12
Indivior Products16
Competition19
Research and Development19
Pipeline21
Manufacturing and Supply21
Sales, Marketing and Distribution23
Intellectual Property28
Regulatory Overview29
Environmental42
Human Capital43
Other Information and Corporate Governance44
Item 1A. Risk Factors.45
Item 1B. Unresolved Staff Comments.100
Item 1C. Cybersecurity.100
Item 2. Properties.102
Item 3. Legal Proceedings.102
Item 4. Mine Safety Disclosures.102
PART II102
Item 5. Market for Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities.102
Item 6. [Reserved]103
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.104
Item 7A. Quantitative and Qualitative Disclosures About Market Risk.120
Item 8. Financial Statements and Supplementary Data.121
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure.161
Item 9A. Controls and Procedures161
Item 9B. Other Information.161
Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.161
PART III162
Item 10. Directors, Executive Officers and Corporate Governance.162
Election of Directors164
Family Relationships168
Agreement with Significant Shareholder168
Code of Ethics168
Shareholder Nominations for Directors168
Audit & Risk Committee169
Audit Committee Financial Expert169

i

Insider170
Policies170
Item 11. Executive Compensation.171
Total Compensation for the Chair and Non-Executive Directors171
Compensation of Executive Directors and Senior Managers172
Annual Incentive Plan (“AIP”)172
Indivior PLC Long-Term Incentive Plan (“LTIP”)174
Indivior Share Plans174
The Indivior 2024 Long-Term Incentive Plan (the “LTIP”)174
The Indivior 2024 U.K. Savings Related Share Option Plan (the “Sharesave Plan”)178
The Indivior U.S. Employee Stock Purchase Plan (the “ESPP”)180
The Indivior Deferred Bonus Plan 2018 (the “DBP”)182
Indivior PLC Employee Benefit Trust184
Indivior Inc. Profit Sharing and 401(k) Plan (the “401(k) Plan”)184
Indivior Inc. Deferred Compensation Plan (“DCP”)184
Deeds of Indemnity185
Malus and Clawback185
Indivior PLC Executive Compensation Clawback Policy186
Executive Financial Recoupment Program186
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters.187
Share Ownership187
Major Shareholders187
Item 13. Certain Relationships and Related Transactions, and Director Independence.190
Item 14. Principal Accountant Fees and Services.191
PART IV193
Item 15. Exhibits and Financial Statement Schedules.193
Item 16. Form 10–K Summary.198
SIGNATURES199

ii

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.