MATERION (MTRN) CEO reports RSU, SAR grants and tax share disposal
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MATERION Corp President and CEO Jugal K. Vijayvargiya reported several equity compensation moves in company securities. He acquired 8,657 shares of common stock through the exercise of restricted stock units and received new awards of 9,604 restricted stock units and 29,415 stock appreciation rights, each vesting in three equal annual installments beginning March 1, 2027. To cover tax obligations, 9,977 shares of common stock were disposed of at a price of $166.59 per share through a tax-withholding transaction. Following these transactions, he directly holds 116,688 shares of common stock and 19,081 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,657 shares exercised/converted
Mixed
5 txns
Insider
Vijayvargiya Jugal K.
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 9,977 | $166.59 | $1.66M |
| Exercise | Restricted Stock Units | 8,657 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 9,604 | $0.00 | -- |
| Grant/Award | Stock Appreciation Rights | 29,415 | $0.00 | -- |
| Exercise | Common Stock | 8,657 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 116,688 shares (Direct);
Restricted Stock Units — 9,477 shares (Direct);
Stock Appreciation Rights — 29,415 shares (Direct)
Footnotes (1)
- Each restricted stock unit (RSU) represents a right to receive one share of MTRN common stock. These restricted stock units granted on 03/01/2023, 03/01/2024, and 03/01/2025, and any related dividend equivalents, vest in three equal annual installments. Expiration Date is the same as the Date Exercisable. These restricted stock units vest in three equal annual installments beginning March 1, 2027. These Stock Appreciation Rights vest in three equal annual installments beginning March 1, 2027.
FAQ
What insider transactions did MTRN CEO Jugal K. Vijayvargiya report?
He reported exercising 8,657 restricted stock units into common shares, receiving 9,604 new restricted stock units and 29,415 stock appreciation rights, and disposing of 9,977 common shares at $166.59 per share to satisfy tax withholding obligations related to these equity awards.
Were MTRN CEO Jugal K. Vijayvargiya’s Form 4 transactions open-market buys or sells?
The filing shows no open-market purchases or sales. Activity consists of equity award grants, exercises of restricted stock units into common stock, and a 9,977-share tax-withholding disposition at $166.59 per share, used to cover tax liabilities associated with the vesting and exercises.
What new equity awards did the MTRN CEO receive according to this Form 4?
He received 9,604 restricted stock units and 29,415 stock appreciation rights. According to the footnotes, both types of awards vest in three equal annual installments beginning March 1, 2027, aligning a portion of his compensation with the company’s long-term performance and service.
What vesting schedules apply to the MTRN CEO’s restricted stock units and stock appreciation rights?
Previously granted restricted stock units vest in three equal annual installments, while the newly granted 9,604 restricted stock units and 29,415 stock appreciation rights also vest in three equal annual installments beginning March 1, 2027, encouraging multi-year retention and performance alignment.