Materion Corp (MTRN) CEO exercises 24,594 rights and sells 24,336 shares
Rhea-AI Filing Summary
MATERION Corp President and CEO Jugal K. Vijayvargiya exercised 24,594 Stock Appreciation Rights, converting them into an equal number of common shares at an exercise price of $68.82 per share. On the same date, 13,146 shares of common stock were delivered or withheld for payment of exercise price or tax liability at $296.00 per share. Vijayvargiya also reported open-market sales totaling 24,336 common shares at weighted-average prices within ranges generally between the high $287 and mid $296 per share. Post-transaction common share holdings are not specified in this report.
Positive
- None.
Negative
- None.
Insights
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Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
11 txns
Insider
Vijayvargiya Jugal K.
Role
President and CEO
Sold
24,336 shs ($7.10M)
Approx. gross sale proceeds
$7.10M
Approx. exercise cost
$1.69M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Rights F10 | 24,594 | $0.00 | $0.00 |
| Exercise | Common Stock | 24,594 | $68.82 | $1.69M |
| Exercise Price or Tax Liability | Common Stock | 13,146 | $296.00 | $3.89M |
| Sale | Common Stock F1, F2 | 1,375 | $287.668 | $396K |
| Sale | Common Stock F1, F3 | 287 | $288.288 | $83K |
| Sale | Common Stock F1, F4 | 11,174 | $290.123 | $3.24M |
| Sale | Common Stock F1, F5 | 3,745 | $292.462 | $1.10M |
| Sale | Common Stock F1, F6 | 2,337 | $293.645 | $686K |
| Sale | Common Stock F1, F7 | 4,865 | $294.448 | $1.43M |
| Sale | Common Stock F1, F8 | 286 | $295.17 | $84K |
| Sale | Common Stock F1, F9 | 267 | $293.244 | $78K |
Holdings After Transaction:
Stock Appreciation Rights — 0 shares (Direct);
Common Stock — 116,699 shares (Direct)
Footnotes (10)
- F1. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2) through (9) of this Form 4.
- F2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $287.330 to $287.970, inclusive.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $288.030 to $288.415, inclusive.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $290.000 to $290.700, inclusive.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $292.460 to $292.615, inclusive.
- F6. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $293.150 to $293.980, inclusive.
- F7. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $294.000 to $294.910, inclusive.
- F8. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $295.000 to $295.450, inclusive.
- F9. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $296.000 to $296.560, inclusive.
- F10. The Stock Appreciation Rights vest in three substantially equal annual installments beginning February 17, 2022.
Key Figures
Stock Appreciation Rights Exercised: 24,594 rights
Exercise Price: $68.82 per share
Shares Delivered/Withheld (Code F): 13,146 shares at $296.00
+4 more
7 metrics
Stock Appreciation Rights Exercised
24,594 rights
Exercised into common stock at $68.82 per share on 2026-08-07
Exercise Price
$68.82 per share
Conversion of 24,594 Stock Appreciation Rights into common stock
Shares Delivered/Withheld (Code F)
13,146 shares at $296.00
Payment of exercise price or tax liability by delivering or withholding securities
Common Shares Sold
24,336 shares
Total open-market sales reported across multiple S-coded transactions
Sale Price Range Example
$287.330–$287.970 per share
Weighted-average sale price range for one sale group described in footnote F2
Highest Stated Sale Range
$296.000–$296.560 per share
Weighted-average price range for one sale group described in footnote F9
SAR Expiration Date
February 17, 2028
Expiration date of the exercised Stock Appreciation Rights grant
Key Terms
Stock Appreciation Rights, weighted average price, exercise or conversion of derivative security, payment of exercise price or tax liability
4 terms
Stock Appreciation Rights financial
"The Stock Appreciation Rights vest in three substantially equal annual installments"
Stock appreciation rights (SARs) are a form of employee compensation that give the holder the right to receive the increase in a company's stock price over a set baseline, paid in cash or shares, without having to buy the stock. For investors, SARs matter because they can create future cash outflows or share dilution and signal how a company rewards and motivates executives — similar to giving a bonus tied directly to how well the company’s stock performs.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
exercise or conversion of derivative security financial
"Transaction code M described as Exercise or conversion of derivative security"
payment of exercise price or tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did MTRN CEO Jugal K. Vijayvargiya report in this Form 4?
Jugal K. Vijayvargiya reported exercising 24,594 Stock Appreciation Rights at $68.82 per share, related share withholding of 13,146 shares, and open-market sales totaling 24,336 common shares at weighted-average prices in the high-$280s to mid-$290s.
How many Materion (MTRN) Stock Appreciation Rights were exercised?
Vijayvargiya exercised 24,594 Stock Appreciation Rights, converting them into 24,594 shares of Materion common stock at an exercise price of $68.82 per share, with the rights originally scheduled to expire on February 17, 2028 if unexercised.
What does the code F transaction mean in this Materion (MTRN) Form 4?
The code F transaction covers 13,146 shares of common stock delivered or withheld at $296.00 per share for payment of exercise price or tax liability, in connection with the derivative exercise, rather than an additional discretionary market sale.
Does this Materion (MTRN) Form 4 indicate use of a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and no footnote describes a trading plan. The reported transactions are therefore not identified here as being executed under a pre-arranged Rule 10b5-1 plan.