Materion (MTRN) Director Patrick Prevost Adds Shares via Deferred Comp
Patrick M. Prevost, a director of Materion Corporation (MTRN), reported acquisitions on 09/05/2025.
Rhea-AI Filing Summary
Patrick M. Prevost, a director of Materion Corporation (MTRN), reported acquisitions on 09/05/2025. He indirectly acquired 19.93 shares of MTRN common stock through the companys directors deferred compensation plan at a reported price of $0, increasing indirect beneficial ownership to 15,815.179 shares. Separately, he directly received 2 restricted stock units (RSUs) acquired as reinvested dividend equivalents; each RSU converts to one share and these units will vest the earlier of May 8, 2026 or the next annual shareholder meeting. The Form 4 was signed by an attorney-in-fact on 09/09/2025.
Positive
- Increased alignment with shareholders: Directors holdings rose via deferred compensation and RSU dividend reinvestment
- Transparent vesting terms disclosed: RSUs vest the earlier of May 8, 2026 or the next annual meeting
Negative
- None.
Insights
TL;DR: Routine director compensation and dividend reinvestment increased indirect holdings; no unusual departures from standard governance practice.
The Form 4 documents customary equity accruals for a director: participation in a deferred compensation plan and acquisition of dividend-equivalent RSUs. The indirect purchase of 19.93 shares at $0 reflects an internal plan mechanism rather than an open-market cash purchase, and the added 2 RSUs arise from reinvested dividends and carry standard vesting tied to the next annual meeting or a set date. There are no disclosures here of option exercises, sales, or unusual transfers that would raise governance concerns.
TL;DR: Compensation-related equity accruals increased both direct and indirect holdings; vesting schedule and dividend reinvestment are explicitly disclosed.
The report shows indirect acquisition of 19.93 common shares via the directors deferred compensation plan and direct receipt of 2 RSUs acquired as reinvested dividend equivalents. The RSUs vest the earlier of May 8, 2026 or the next annual meeting, consistent with typical retention alignment. Price reported as $0 indicates no cash paid at grant/reinvestment; this is informational and aligns with equity-based compensation mechanics rather than market purchases.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 19.93 | $0.00 | $0.00 |
Footnotes (3)
- F1. Each restricted stock unit represents a right to receive one share of MTRN common stock.
- F2. These units, which were acquired upon the reinvestment of dividend equivalents, will vest at the same time as the restricted stock units to which they relate (earlier of May 8, 2026 and the date of the next annual meeting of MTRN's shareholders).
- F3. Expiration Date is the same as the Date Exercisable.
FAQ
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What transactions did Patrick M. Prevost report on the Form 4 for MTRN?
When were the reported transactions executed?
What is the ownership level after the reported transactions?
What price was reported for the acquired securities?
When will the RSUs vest?
AI-generated analysis. How Rhea-AI works. Not financial advice.