Form 4: Olin Corp Director Julie A. Piggott Reports Acquisition and Disposal of Common Stock and Phantom Stock Units

Director Julie A. Piggott reports changes in beneficial ownership of Olin Corp stock and phantom stock units, including acquisition of common stock as part of director compensation.

Summary

• On May 1, 2024, Julie A. Piggott, a director of Olin Corporation, reported transactions involving Olin Corp's common stock and phantom stock units.
• Piggott acquired 761 shares of common stock at a price of $52.58 per share.
• Additionally, Piggott acquired 2,188 phantom stock units, also valued at $52.58 each.
• Following these transactions, Piggott directly owns 761 shares of common stock and 4,553.751 phantom stock units.
• The phantom stock units convert to common stock on a one-to-one basis.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing detailing stock transactions by a company director. It doesn't inherently convey strong positive or negative sentiment, but insider ownership is generally viewed neutrally to slightly positively.

Positives

• The acquisition of stock and phantom stock units by a director signals confidence in the company's future performance.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can influence investor sentiment.

Comparison to Industry Standards

• Director compensation packages often include stock and phantom stock units to align the interests of directors with those of shareholders.
• The specifics of Olin Corporation's director compensation plan are outlined in the Amended and Restated Olin Corporation 1997 Stock Plan for Non-Employee Directors, which is typical for publicly traded companies.

Key Dates