Form 4 for OLN OLIN Corp
Accepted 2024-01-03 00:00:00 ET · period of report 2023-12-31 · accession 0000074303-24-000002 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-01-03 | 2023-12-31 | OLN | Sutton Scott McDougald | COB, Pres, CEO, Dir | M - OptEx | — | +500.0K | 575.6K | +662% | — |
| D | 2024-01-03 | 2023-12-31 | OLN | Sutton Scott McDougald | COB, Pres, CEO, Dir | F - Tax | $54.18 | -194.1K | 381.4K | -34% | -$10.52M |
| D | 2024-01-03 | 2023-12-31 | OLN | Sutton Scott McDougald | COB, Pres, CEO, Dir | M - OptEx | — | -250.0K | 0 | -100% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock $1 par value | 2023-12-31 | M | A | 500,000 | — | 575,556.17 | D | — | — | (F1) Each performance share represented a contingent right to receive one share of Olin Common Stock. The number of performance shares that may vest ranges between 0 and 500,000, with a target number of 250,000. Performance shares vest based on the reporting person's continued employment and the achievement of an average Olin Common Stock price between $25 and $55 per share, with a target of $40 per share, over any consecutive 45 trading days between September 1, 2020 and December 31, 2023. Olin's Compensation Committee of the Board approved the grant of performance shares in connection with the reporting person's appointment as CEO/President effective September 1, 2020. |
| 2 | Common | Common Stock $1 par value | 2023-12-31 | F | D | 194,142 | $54.18 | 381,414.17 | D | — | — | |
| 3 | Derivative | Performance Shares | 2023-12-31 | M | D | 250,000 | — | 0 | D | — · 2023-12-31 to 2023-12-31 | 250,000 Common Stock | (F1) Each performance share represented a contingent right to receive one share of Olin Common Stock. The number of performance shares that may vest ranges between 0 and 500,000, with a target number of 250,000. Performance shares vest based on the reporting person's continued employment and the achievement of an average Olin Common Stock price between $25 and $55 per share, with a target of $40 per share, over any consecutive 45 trading days between September 1, 2020 and December 31, 2023. Olin's Compensation Committee of the Board approved the grant of performance shares in connection with the reporting person's appointment as CEO/President effective September 1, 2020. (F2) Security converts to common stock on a one-to-one basis. |