Materion CEO exercises rights, covers taxes with shares

MATERION Corp President and CEO Jugal K. Vijayvargiya exercised stock appreciation rights and settled related taxes using shares.

Rhea-AI Filing Summary

MATERION Corp President and CEO Jugal K. Vijayvargiya exercised stock appreciation rights and settled related taxes using shares. He exercised 28,071 shares of Common Stock at $50.95 per share and delivered 15,183 shares at $209.70 per share to cover tax obligations. After these transactions, he directly holds 129,587 Common Stock shares, indicating he retained a substantial equity position. The stock appreciation rights originally vested in three roughly equal annual installments beginning on February 19, 2021 and are now fully exercised.

Insider Trade Summary

28,071 shares exercised/converted

Exercise 3 txns

Insider Vijayvargiya Jugal K.

Role President and CEO

Type	Security	Shares	Price	Value
Exercise	Stock Appreciation Rights	28,071	$0.00	$0.00
Exercise	Common Stock	28,071	$50.95	$1.43M
Exercise Price or Tax Liability	Common Stock	15,183	$209.70	$3.18M

Holdings After Transaction: Stock Appreciation Rights — 0 contracts (Direct); Common Stock — 129,587 shares (Direct)

Footnotes (1)

1. F1. The Stock Appreciation Rights vested in three substantially equal annual installments beginning on February 19, 2021.

Key Figures

Shares exercised: 28,071 shares Exercise price: $50.95 per share Shares for tax withholding: 15,183 shares +3 more

6 metrics

Shares exercised 28,071 shares Common Stock from stock appreciation rights exercise

Exercise price $50.95 per share Stock appreciation rights into Common Stock

Shares for tax withholding 15,183 shares Delivered to cover tax liability

Tax withholding price $209.70 per share Value of shares delivered for taxes

Post-transaction holdings 129,587 shares Common Stock held directly after transactions

Exercised SARs 28,071 rights Stock Appreciation Rights now fully exercised

Key Terms

Stock Appreciation Rights, tax-withholding disposition, derivative security, non-derivative

4 terms

Stock Appreciation Rights financial

"The Stock Appreciation Rights vested 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.

tax-withholding disposition financial

"transaction_action: tax-withholding disposition for 15,183 Common Stock shares"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

non-derivative financial

"transaction_type: non-derivative for Common Stock entries"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did MATERION (MTRN) CEO Jugal Vijayvargiya report in this Form 4?

He reported exercising stock appreciation rights for 28,071 MATERION shares and using 15,183 shares to pay related tax obligations. Following these transactions, he directly owns 129,587 Common Stock shares in the company.

How many MATERION (MTRN) shares did the CEO acquire and at what price?

He acquired 28,071 Common Stock shares by exercising stock appreciation rights at $50.95 per share. This derivative exercise converted compensation rights into actual shares, increasing his direct equity stake before tax-related share delivery.

Why were 15,183 MATERION (MTRN) shares disposed of in this filing?

The 15,183 shares were delivered to satisfy tax liabilities arising from the equity award, at a price of $209.70 per share. This is a tax-withholding disposition, not an open-market sale, and is treated as a routine administrative transaction.

What are stock appreciation rights in the context of MATERION (MTRN)?

Stock appreciation rights give the holder value linked to share price increases, payable in shares or cash. In this case, vested rights were exercised into 28,071 Common Stock shares, after vesting in three annual installments starting February 19, 2021.

How many MATERION (MTRN) shares does the CEO hold after these transactions?

After exercising rights and delivering shares for taxes, the CEO directly holds 129,587 Common Stock shares. This post-transaction balance reflects his remaining stake following the routine compensation-related and tax-withholding activity.

Did this MATERION (MTRN) Form 4 include any open-market stock sales or purchases?

The filing shows no open-market buys or sells. It records a derivative exercise of stock appreciation rights and a tax-withholding disposition, both tied to compensation rather than discretionary trading in the open market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/15/2026 - 03:53 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Vijayvargiya Jugal K.

(Last) (First) (Middle)

6070 PARKLAND BLVD.

(Street)

MAYFIELD HEIGHTS OHIO 44124

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MATERION Corp [ MTRN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/13/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/13/2026		M		28,071	A	$50.95	144,770	D
Common Stock	05/13/2026		F		15,183	D	$209.7	129,587	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Appreciation Rights	$50.95	05/13/2026		M			28,071	(1)	02/19/2027	Common Stock	28,071	$0	0	D

Explanation of Responses:

1. The Stock Appreciation Rights vested in three substantially equal annual installments beginning on February 19, 2021.

Remarks:

	/s/Michelle R. Mekinda, as Attorney-In-Fact	05/15/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)