MTRN.NYSEMaterion CORP

Form 4: Materion Corp: President and CEO Jugal K. Vijayvargiya Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Jugal K. Vijayvargiya, President and CEO of Materion Corp, reports the vesting of restricted stock units and subsequent disposition of shares to cover tax obligations.

Summary

  • On March 1, 2024, Jugal K. Vijayvargiya, President and CEO of Materion Corp, had 5,058 restricted stock units (RSUs) vest.
  • These RSUs convert into an equal number of common stock shares.
  • Following the vesting, 2,234 shares were disposed of at a price of $135.58 to cover tax obligations.
  • After these transactions, Vijayvargiya directly owns 112,999 shares of Materion Corp common stock.
  • He also holds 7,817 restricted stock units.

Sentiment

Score: 5

Explanation: This Form 4 filing is a neutral event. It simply reports required information about insider transactions related to executive compensation.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the trading activities of company leadership.

Stakeholder Impact

  • The transactions have a minimal impact on shareholders, as they represent a small percentage of the total outstanding shares.

Key Dates

DateDescription
03/01/2022Date of restricted stock units grant that vest in three equal installments.
03/01/2023Date of restricted stock units grant that vest in three equal installments.
03/01/2024Date of transaction: vesting of restricted stock units and disposition of shares.
03/05/2024Date of Form 4 filing.

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.