Form 4: Materion Corp Director Robert J. Phillippy Reports Stock Transactions
SEC Form 4 Filing
Director Robert J. Phillippy reports acquisition and disposal of Materion Corp stock and restricted stock units.
Summary
- Robert J. Phillippy, a director of Materion Corp, reported transactions involving the company's stock.
- On May 9, 2024, Phillippy disposed of 1,152 shares of common stock.
- Also on May 9, 2024, 1,152 restricted stock units vested and were converted into common stock.
- Following these transactions, Phillippy directly owns 4,003 shares of common stock and indirectly owns 11,903.52 shares held in a Directors Deferred Compensation Plan.
- On May 10, 2024, Phillippy acquired 1,150 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common occurrence for publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in beneficial ownership.
Key Dates
| Date | Description |
|---|---|
| 05/09/2024 | Disposal of 1,152 shares of common stock and vesting of 1,152 restricted stock units. |
| 05/10/2024 | Acquisition of 1,150 restricted stock units. |
| 05/13/2024 | Date of signature by Attorney-In-Fact. |
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