Director at Olin (NYSE: OLN) receives 7,023 phantom stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Olin Corp director William H. Weideman received a grant of 7,023 Phantom Stock Units as part of annual director compensation. These Phantom Stock Units were awarded under the Olin Corporation Non-Employee Director Deferred Compensation Plan and convert into an equal number of shares of common stock on a one-to-one basis.
After this grant, Weideman holds a total of 53,657 Phantom Stock Units directly, all tied to Olin common stock. This is a routine, compensation-related award rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Weideman William H
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 7,023 | $28.48 | $200K |
Holdings After Transaction:
Phantom Stock Units — 53,657 shares (Direct, null)
Footnotes (1)
- Security converts to common stock on a one-to-one basis. Represents a portion of the annual director compensation granted under the Olin Corporation Non-Employee Director Deferred Compensation Plan.
Key Figures
Phantom Stock Units granted: 7,023 units
Reference price per unit: $28.48 per unit
Total Phantom Stock Units after grant: 53,657 units
+2 more
5 metrics
Phantom Stock Units granted
7,023 units
Director compensation grant on 2026-05-01
Reference price per unit
$28.48 per unit
Reported transaction price for Phantom Stock Units
Total Phantom Stock Units after grant
53,657 units
Holdings following reported transaction
Conversion ratio to common stock
1 unit : 1 share
Security converts to common stock on a one-to-one basis
Underlying common shares
7,023 shares
Underlying Olin common stock linked to granted units
Key Terms
Phantom Stock Units, Non-Employee Director Deferred Compensation Plan, Grant, award, or other acquisition, one-to-one basis
4 terms
Phantom Stock Units financial
"Security title is reported as Phantom Stock Units linked to common stock"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Non-Employee Director Deferred Compensation Plan financial
"Granted under the Olin Corporation Non-Employee Director Deferred Compensation Plan"
Grant, award, or other acquisition financial
"Transaction code description is Grant, award, or other acquisition"
one-to-one basis financial
"Security converts to common stock on a one-to-one basis"
FAQ
What did Olin (OLN) director William H. Weideman report in this Form 4?
He reported receiving 7,023 Phantom Stock Units as a compensation grant. These units were awarded under Olin’s Non-Employee Director Deferred Compensation Plan and are linked to Olin common stock, representing a routine, non-market, compensation-related acquisition rather than a stock market trade.
How many Olin (OLN) Phantom Stock Units does William H. Weideman hold after this grant?
After the grant, William H. Weideman holds 53,657 Phantom Stock Units directly. This total reflects his updated deferred equity-based compensation position tied to Olin common stock, as reported in the Form 4 insider filing for this compensation-related transaction.
What are Phantom Stock Units in the context of Olin (OLN)?
Phantom Stock Units are deferred compensation instruments tracking Olin common stock. In this case, each unit converts into one share of common stock on a one-to-one basis, giving directors equity-linked value without an immediate open-market stock purchase or sale.
Is the Olin (OLN) Form 4 transaction a stock purchase or sale?
No, the filing shows a grant of Phantom Stock Units, not a market purchase or sale. The transaction code is “A” for a grant or award, reflecting routine director compensation under Olin’s Non-Employee Director Deferred Compensation Plan, rather than discretionary trading activity.
How is the value of the Olin (OLN) Phantom Stock Unit grant measured in this Form 4?
The 7,023 Phantom Stock Units are reported with a reference price of $28.48 per unit. This figure is used for reporting purposes and, combined with the one-to-one conversion to common stock, helps indicate the notional value of the compensation-related equity grant.