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MASCO CORP /DE/ — Director's Dealing 2023
Jul 19, 2023
30419_dirs_2023-07-19_66b1d41b-2fa0-4000-8c28-fb7384efca26.zip
Director's Dealing
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SEC Form 4/A — Form 4/A
Issuer: MASCO CORP /DE/ (MAS)
CIK: 0000062996
Period of Report: 2023-07-13
Reporting Person: Allman Keith J. (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-07-13 | Common Stock | M | 188040.0000 | $22.9195 | Acquired | 388345.0000 | Direct |
| 2023-07-13 | Common Stock | S | 188040.0000 | $59.7662 | Disposed | 200305.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-07-13 | Employee Stock Option | $22.9195 | M | 188040.0000 | Disposed | 2025-02-11 | Common Stock (188040.0000) | Direct |
Footnotes
F1: On July 17, 2023 the reporting person filed a Form 4 which inadvertently omitted the following footnote: The reported transaction occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 5, 2022.
F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.50 to $60.14, inclusive. The reporting person undertakes to provide to Masco Corporation, any security holder of Masco Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.
F3: In connection with the spin-off of TopBuild Corp. by Masco Corporation ("Masco") on June 30, 2015, outstanding stock options granted under the Masco 2014 Long Term Stock Incentive Plan by Masco to all plan participants, including to the reporting person, were adjusted on a value neutral basis to preserve the options' pre-spin intrinsic value.
F4: This option became exercisable in five equal annual installments commencing February 11, 2016.
F5: Grant of option under the Masco Corporation 2014 Long Term Stock Incentive Plan in transactions exempt under Rule 16b-3.