4/A: Materion Corp CFO Corrects Stock Sale Price in Amended SEC Filing

Materion Corp's CFO, Shelly Marie Chadwick, filed an amended Form 4 to correct a previously reported weighted average price of stock sold.

Summary

• Shelly Marie Chadwick, Vice President of Finance & CFO at Materion Corp, filed an amended Form 4 with the SEC.
• The amendment corrects a previously reported weighted average price for shares sold on November 29, 2024.
• The original filing on December 3, 2024, incorrectly stated the weighted average price as $115,923.
• The corrected weighted average price for the shares sold is $115.923.
• The shares were sold in multiple transactions with prices ranging from $115.555 to $116.490.

Sentiment

Score: 7

Explanation: The document is a routine correction of a filing, which is neither positive nor negative, but necessary for compliance. The sentiment is neutral to slightly positive due to the transparency in correcting the error.

Positives

• The correction ensures accurate reporting of financial transactions.
• The company is transparent in correcting errors in SEC filings.

Negatives

• The initial filing contained an error in the reported weighted average price.

Risks

• Errors in SEC filings can lead to scrutiny from regulators and investors.
• Inaccurate reporting can erode investor confidence.

Management Comments

• The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or 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) of this amended Form 4.

Industry Context

This is a routine correction of an SEC filing, which is common in the financial industry to ensure accuracy and compliance.

Comparison to Industry Standards

• The correction of a Form 4 filing is a standard practice in the industry to maintain accurate records.
• Companies are expected to promptly correct any errors in their SEC filings to ensure transparency and compliance.
• Other companies such as Alcoa, Rio Tinto, and Freeport-McMoRan also regularly file Form 4s for insider transactions.

Stakeholder Impact

• The correction ensures that shareholders have accurate information about insider transactions.
• The transparency in correcting the error maintains investor confidence.

Key Dates

Keywords

Materion Corp, SEC Filing, Form 4, Stock Sale, CFO, Shelly Marie Chadwick, Weighted Average Price, Financial Reporting