December 31, 2023 · Form 4 insider transaction
Sutton Scott McDougald bought 500,000 shares of Olin Corporation, a transaction worth N/A. The trade was recorded as option exercise and disclosed on an SEC Form 4, filed 3 days after the transaction.
Each performance share represented a contingent right to receive one share of Olin Common Stock. The number of performance shares that may vest ranges between 0 and 500,000, with a target number of 250,000. Performance shares vest based on the reporting person's continued employment and the achievement of an average Olin Common Stock price between $25 and $55 per share, with a target of $40 per share, over any consecutive 45 trading days between September 1, 2020 and December 31, 2023. Olin's Compensation Committee of the Board approved the grant of performance shares in connection with the reporting person's appointment as CEO/President effective September 1, 2020.