Olin CEO exercises 50,000 RSUs, covers tax in shares
Olin Corp’s President & CEO Kenneth Todd Lane exercised 50,000 restricted stock units into 50,000 shares of common stock.
Rhea-AI Filing Summary
Olin Corp’s President & CEO Kenneth Todd Lane exercised 50,000 restricted stock units into 50,000 shares of common stock. The restricted stock units convert to common stock on a one-for-one basis. As part of the same event, 19,675 common shares were withheld at a price of $26.25 per share to cover tax obligations.
Following these transactions on common stock, Lane directly held 100,287 Olin common shares. The restricted stock units stem from a 200,000-unit grant made on March 18, 2024, of which 50,000 vested on March 18, 2025, 50,000 vested on March 18, 2026, and 100,000 are scheduled to vest on March 18, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 50,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 50,000 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 19,675 | $26.25 | $516K |
Footnotes (2)
- F1. Restricted stock units convert into common stock on a one-on-one basis.
- F2. On March 18, 2024 the reporting person was granted 200,000 restricted stock units. 50,000 vested on March 18, 2025, 50,000 vested on March 18, 2026 and 100,000 will vest on March 18, 2027.
FAQ
What insider transaction did Olin (OLN) CEO Kenneth Todd Lane report?
How many Olin (OLN) restricted stock units did the CEO exercise and at what rate?
How were taxes handled in Kenneth Todd Lane’s March 18, 2026 Olin transaction?
What is the vesting schedule of Kenneth Todd Lane’s 200,000 Olin restricted stock units?
Does the Form 4 show any remaining Olin derivative positions for the CEO after this exercise?
AI-generated analysis. How Rhea-AI works. Not financial advice.