Form 4: Materion Corp Director Reddy N Mohan Reports Acquisition of Common Stock and Restricted Stock Units
SEC Form 4 Filing
Director Reddy N Mohan reported acquiring common stock and restricted stock units in Materion Corp through a dividend reinvestment and grant.
Summary
- On March 8, 2024, Reddy N Mohan, a director of Materion Corp (MTRN), acquired 41.614 shares of common stock through dividend reinvestment.
- The price per share was $0.
- Following the transaction, Reddy N Mohan directly owns 1,152 restricted stock units and indirectly owns 43,587.487 shares of common stock held in a Directors Deferred Compensation Plan.
- Reddy N Mohan also acquired 1 restricted stock unit upon the reinvestment of dividend equivalents.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects routine transactions related to director compensation and dividend reinvestment, with no indication of significant positive or negative developments.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates routine transactions related to dividend reinvestment and restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of transaction: Acquisition of common stock and restricted stock units. |
| 03/12/2024 | Date of signature for the Form 4 filing. |
| May 18, 2024 | Vesting date for restricted stock units (earlier of this date and the date of the next annual meeting of MTRN's shareholders). |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.