Form 4: Olin Corp Director Carol A Williams Acquires Shares as Part of Compensation Plan

Director Carol A Williams acquired 380 shares of Olin Corp common stock at $52.58 per share as part of the annual director compensation plan.

Summary

• On May 1, 2024, Carol A Williams, a director of Olin Corporation, acquired 380 shares of common stock at a price of $52.58 per share.
• This acquisition was part of the annual director compensation granted under the Amended and Restated Olin Corporation 1997 Stock Plan for Non-Employee Directors.
• Additionally, Ms. Williams acquired 2,569 phantom stock units, also as part of the annual director compensation grants credited to her deferred stock account.
• Following these transactions, Ms. Williams directly owns 6,569 shares of Olin Corp common stock and 44,048 phantom stock units.
• The phantom stock units convert to common stock on a one-to-one basis.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a standard director compensation practice, indicating alignment of interests with shareholders.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.

Industry Context

Director stock ownership is a common practice to align the interests of directors with those of shareholders. Compensation packages often include stock and options.

Comparison to Industry Standards

• Director compensation packages vary across industries and company sizes.
• Stock grants and phantom stock units are frequently used to incentivize long-term performance.
• Comparing Olin Corp's director compensation structure with peers in the chemical manufacturing industry would provide further context.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder confidence.

Key Dates