Form 4: Olin Corp Director William H. Weideman Acquires Shares as Part of Compensation Plan

Director William H. Weideman acquired 761 shares of Olin Corp common stock at $52.58 per share as part of his annual director compensation.

Summary

• On May 1, 2024, William H. Weideman, a director of Olin Corporation, acquired 761 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.
• Weideman also acquired 2,188 phantom stock units, which convert to common stock on a one-to-one basis, as part of his deferred stock account under the Directors Plan.
• Following these transactions, Weideman directly owns 13,140 shares of Olin Corp common stock and 37,477 phantom stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction related to director compensation, indicating alignment of interests between management and shareholders.

Positives

• The director's stock acquisition reflects confidence in the company's future.
• The compensation plan aligns director interests with shareholder value.

Industry Context

Director compensation in the form of stock and stock units is a common practice to align the interests of company leadership with those of shareholders. This Form 4 filing is a routine disclosure required by the SEC.

Comparison to Industry Standards

• Stock-based compensation for directors is a standard practice across publicly traded companies.
• The amount and structure of the compensation (mix of stock and phantom stock units) are typical for companies of Olin Corp's size and industry.
• Companies like Dow Chemical and DuPont also utilize similar stock-based compensation plans for their directors.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders by aligning director interests with company performance.

Key Dates