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

Director Julie A. Piggott reports acquisition of phantom stock units convertible to common stock as part of annual director compensation.

Summary

• On May 1, 2025, Julie A. Piggott, a director of Olin Corporation, acquired 9,157 phantom stock units.
• These units are convertible to common stock on a one-to-one basis.
• The acquisition is part of the annual director compensation grants under the Amended and Restated Olin Corporation 1997 Stock Plan for Non-Employee Directors.
• The price of the phantom stock units is $21.77.
• Following the transaction, Piggott beneficially owns 14,471.751 derivative securities.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating a stable and well-governed company. The sentiment is neutral to slightly positive as it shows alignment of director interests with shareholders.

Positives

• The acquisition of phantom stock units by a director demonstrates alignment with shareholder interests.
• The compensation plan incentivizes directors to focus on long-term value creation.

Industry Context

Director compensation through stock and stock options is a common practice to align management's interests with those of shareholders. The specifics of the Olin Corporation 1997 Stock Plan for Non-Employee Directors would provide further context.

Comparison to Industry Standards

• Director compensation packages vary widely across industries and company sizes.
• Comparing Olin Corporation's director compensation structure to that of its peers in the chemical manufacturing industry would provide a benchmark for assessing its competitiveness and alignment with best practices.
• Companies like Dow, DuPont, and BASF could be considered for comparison.

Stakeholder Impact

• Shareholders may view the director's acquisition of phantom stock units positively, as it aligns their interests with the company's performance.
• Employees are unlikely to be directly impacted by this transaction.

Key Dates

Keywords

Olin Corp, Director Compensation, Phantom Stock Units, Form 4, OLN, Beneficial Ownership, Julie A. Piggott