Form 4: Materion Corp Director Toth Acquires Restricted Stock Units Through Dividend Reinvestment
SEC Form 4
Director Robert B. Toth acquired restricted stock units in Materion Corp through dividend reinvestment on June 7, 2024.
Summary
- On June 7, 2024, Robert B. Toth, a director of Materion Corp, acquired restricted stock units (RSUs) as a result of dividend reinvestment.
- The transaction involved the acquisition of 1 RSU, representing the right to receive one share of MTRN common stock.
- These units will vest at the same time as the restricted stock units to which they relate, which is the earlier of May 10, 2025, and the date of the next annual meeting of MTRN's shareholders.
- Following the reported transaction, Toth directly owns 1,151 derivative securities.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The transaction reflects a director's continued investment in the company, which is generally viewed favorably. However, the impact is minimal as it involves a small number of shares.
Positives
- The acquisition of restricted stock units through dividend reinvestment demonstrates the director's continued investment in the company.
Future Outlook
The document does not contain specific forward-looking statements beyond the vesting date of the restricted stock units.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company through dividend reinvestment, which is a common practice.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it involves a small number of shares acquired through dividend reinvestment.
Key Dates
| Date | Description |
|---|---|
| 06/07/2024 | Date of transaction: Robert B. Toth acquired restricted stock units. |
| 05/10/2025 | Restricted stock units will vest on the earlier of this date or the date of the next annual meeting of MTRN's shareholders. |
| 06/10/2024 | Date of signature for the Form 4 filing. |
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