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OLIN Corp — Director's Dealing 2024
Jan 3, 2024
31434_dirs_2024-01-03_c872b782-f1f1-4d00-8f02-9e56067e3b4c.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: OLIN Corp (OLN)
CIK: 0000074303
Period of Report: 2023-12-31
Reporting Person: Sutton Scott McDougald (Director, Chairman, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-12-31 | Common Stock $1 par value | M | 500000 | — | Acquired | 575556.1711 | Direct |
| 2023-12-31 | Common Stock $1 par value | F | 194142 | $54.18 | Disposed | 381414.1711 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-12-31 | Performance Shares | $ | M | 250000 | Disposed | 2023-12-31 | Common Stock (250000) | Direct |
Footnotes
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.