Form 4: Olin Corp VP Brett Flaugher Executes Stock Option and Sells Shares
SEC Form 4 Filing
Olin Corporation's VP and President of Winchester, Brett A. Flaugher, exercised stock options and sold shares of common stock on February 26 and 27, 2024.
Summary
- Brett A. Flaugher, VP & President of Winchester at Olin Corporation, executed employee stock options to acquire 15,000 shares of common stock on February 26, 2024, at a price of $13.14 per share.
- On the same day, Flaugher sold 15,000 shares of common stock at a weighted average price of $52.4578, with prices ranging from $52.41 to $52.55.
- On February 27, 2024, Flaugher sold an additional 10,000 shares of common stock at a weighted average price of $52.1988, with prices ranging from $51.96 to $52.39.
- Following these transactions, Flaugher directly owns 8,782 shares and indirectly owns 77,763 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing reflects routine insider trading activity. It is common for executives to exercise stock options and sell a portion of the acquired shares for personal financial management.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, although it is a common practice.
Key Dates
| Date | Description |
|---|---|
| 02/11/2017 | First vesting date of the employee stock options in three annual installments. |
| 02/26/2024 | Date of stock option exercise and sale of 15,000 shares. |
| 02/27/2024 | Date of sale of 10,000 shares. |
| 02/28/2024 | Date of signature on the Form 4 filing. |
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