Materion (NYSE: MTRN) VP exercises awards and sells shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Materion Corp VP General Counsel & Secretary Gregory R. Chemnitz reported multiple equity award activities and share sales in early March 2026. He exercised stock appreciation rights and restricted stock units into common stock and received new grants of 1,479 restricted stock units and 2,265 stock appreciation rights that vest in three equal annual installments beginning March 1, 2027.
He disposed of 4,445 and 1,211 common shares to cover exercise price or tax liabilities and sold 1,083 and 3,434 shares in open-market transactions. After these moves, he directly held 5,930 common shares and indirectly held 5,343.175 shares in a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,517 shares ($710,620)
Net Sell
15 txns
Insider
Chemnitz Gregory R.
Role
VP General Counsel & Secretary
Sold
4,517 shs ($711K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Rights | 3,040 | $0.00 | -- |
| Exercise | Stock Appreciation Rights | 1,471 | $0.00 | -- |
| Exercise | Stock Appreciation Rights | 1,017 | $0.00 | -- |
| Exercise | Common Stock | 3,040 | $113.28 | $344K |
| Exercise | Common Stock | 1,471 | $135.58 | $199K |
| Exercise | Common Stock | 1,017 | $87.36 | $89K |
| Tax Withholding | Common Stock | 4,445 | $157.26 | $699K |
| Sale | Common Stock | 1,083 | $157.515 | $171K |
| Sale | Common Stock | 3,434 | $157.26 | $540K |
| Tax Withholding | Common Stock | 1,211 | $166.59 | $202K |
| Exercise | Restricted Stock Units | 2,003 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 1,479 | $0.00 | -- |
| Grant/Award | Stock Appreciation Rights | 2,265 | $0.00 | -- |
| Exercise | Common Stock | 2,003 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Appreciation Rights — 0 shares (Direct);
Common Stock — 12,404 shares (Direct);
Restricted Stock Units — 2,060 shares (Direct);
Common Stock — 5,343.175 shares (Indirect, Held in 401(k) Plan)
Footnotes (1)
- Each restricted stock unit 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. The Stock Appreciation Rights vest in three equal annual installments beginning March 1, 2027. The Stock Appreciation Rights vested in three equal annual installments beginning March 1, 2024. These Stock Appreciation Rights vest in three equal installments beginning March 1, 2025. These Stock Appreciation Rights vest in three equal annual installments beginning March 1, 2026.
FAQ
What insider transactions did MTRN executive Gregory R. Chemnitz report?
Gregory R. Chemnitz reported exercises of stock appreciation rights and restricted stock units, new equity grants, tax-related share dispositions, and open-market sales. These transactions adjusted his mix of derivative awards and common stock holdings while reflecting routine compensation and tax-settlement activity.
What new equity awards did Chemnitz receive from Materion (MTRN)?
Chemnitz received 1,479 restricted stock units and 2,265 stock appreciation rights. Footnotes state both awards vest in three equal annual installments beginning March 1, 2027, providing him with additional long-term, performance-linked exposure to Materion common stock over several years.
What vesting schedule applies to Chemnitz’s new Materion (MTRN) awards?
Footnotes explain that the newly granted restricted stock units and stock appreciation rights vest in three equal annual installments, beginning March 1, 2027. This multi-year vesting structure is designed to align his compensation with Materion’s longer-term performance and retention goals.