Form 4: Materion Corp Executive Chemnitz Reports Stock Transactions
SEC Form 4 Filing
Gregory R. Chemnitz, VP General Counsel & Secretary of Materion Corp, reports the vesting and disposal of restricted stock units and shares.
Summary
- On March 1, 2024, Gregory R. Chemnitz, VP General Counsel & Secretary of Materion Corp, reported transactions involving Materion Corp (MTRN) common stock and restricted stock units.
- Chemnitz disposed of 643 shares of common stock at a price of $135.58.
- Chemnitz also had 1,468 restricted stock units vest, which converted into common stock.
- Following these transactions, Chemnitz directly owns 20,030 shares of common stock and indirectly owns 5,289.029 shares held in a 401(k) plan.
- Chemnitz also directly owns 2,813 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting normal executive compensation and stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It allows investors to monitor the actions of company executives and their potential impact on the stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect insider trading activity, which is closely monitored by investors.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Date of grant for some of the restricted stock units that vested on 03/01/2024. |
| 03/01/2023 | Date of grant for some of the restricted stock units that vested on 03/01/2024. |
| 03/01/2024 | Date of the reported transactions: vesting of restricted stock units and disposal of shares. |
| 03/05/2024 | Date of the signature on the Form 4 filing. |
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