Form 4: Materion Corp Executive Receives Restricted Stock Units

Robert B. Toth, an executive at Materion Corp, was granted restricted stock units representing a right to receive common stock, vesting no later than May 10, 2025.

Summary

• Robert B. Toth, an executive at Materion Corp, received restricted stock units on December 6, 2024.
• These units represent the right to receive one share of MTRN common stock each.
• The restricted stock units were acquired upon the reinvestment of dividend equivalents.
• The units will vest at the same time as the restricted stock units to which they relate, which is the earlier of May 10, 2025, or the date of the next annual meeting of MTRN's shareholders.
• The expiration date is the same as the date exercisable.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation practice, which is generally viewed neutrally to positively by investors as it aligns management with shareholder interests.

Industry Context

This is a standard practice for executive compensation in publicly traded companies, aligning executive interests with shareholder value through equity-based incentives.

Comparison to Industry Standards

• Granting restricted stock units is a common method of executive compensation across various industries, including materials and manufacturing.
• Companies like Carpenter Technology Corporation (CRS) and Allegheny Technologies Incorporated (ATI) also use similar equity-based compensation plans for their executives.
• The vesting period of these units, typically tied to performance or time, is also standard practice to ensure long-term alignment with company goals.

Stakeholder Impact

• The grant of restricted stock units aligns executive interests with shareholder value.
• This type of compensation is generally viewed positively by shareholders as it incentivizes long-term performance.

Key Dates

Keywords

Restricted Stock Units, Materion Corp, MTRN, Executive Compensation, Stock Options, Dividend Reinvestment