Olin (NYSE: OLN) awards director 7,023 phantom stock units as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Olin Corp director Earl L. Shipp reported a grant of 7,023 Phantom Stock Units. The award was made on May 1, 2026 at a reference price of $28.48 per unit as part of Olin’s Non-Employee Director Deferred Compensation Plan.
Each Phantom Stock Unit converts into one share of Olin common stock, giving the grant an equivalent underlying 7,023 common shares. After this award, Shipp directly holds a total of 59,190.528 Phantom Stock Units under the plan, reflecting his accumulated deferred director compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Shipp Earl L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 7,023 | $28.48 | $200K |
Holdings After Transaction:
Phantom Stock Units — 59,190.528 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 held: 59,190.528 units
+1 more
4 metrics
Phantom Stock Units granted
7,023 units
Grant on May 1, 2026 to director Earl L. Shipp
Reference price per unit
$28.48 per unit
Price associated with 7,023 Phantom Stock Units grant
Total Phantom Stock Units held
59,190.528 units
Balance following the May 1, 2026 grant
Underlying common shares
7,023 shares
One-to-one conversion of Phantom Stock Units to common stock
Key Terms
Phantom Stock Units, Non-Employee Director Deferred Compensation Plan, Grant, award, or other acquisition
3 terms
Phantom Stock Units financial
"Security title listed as "Phantom Stock Units" with a one-to-one stock conversion."
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
"Grant represents annual director compensation under the Olin Corporation Non-Employee Director Deferred Compensation Plan."
Grant, award, or other acquisition financial
"Transaction code description notes a "Grant, award, or other acquisition" of units."
FAQ
What insider transaction did Olin (OLN) director Earl L. Shipp report?
Earl L. Shipp reported receiving 7,023 Phantom Stock Units on May 1, 2026. The grant is part of his annual director compensation under Olin’s Non-Employee Director Deferred Compensation Plan and is structured as a deferred, stock-linked award rather than a cash payment.
How do Olin (OLN) Phantom Stock Units reported by Earl L. Shipp work?
The Phantom Stock Units convert into Olin common stock on a one-to-one basis. Shipp’s May 1, 2026 award of 7,023 units therefore corresponds to 7,023 underlying common shares, aligning his deferred director compensation with Olin’s share price performance over time.
What is Earl L. Shipp’s total Phantom Stock Unit balance at Olin (OLN) after this filing?
After the May 1, 2026 grant, Earl L. Shipp directly holds 59,190.528 Phantom Stock Units. This figure reflects his cumulative deferred director compensation awards under the Olin Corporation Non-Employee Director Deferred Compensation Plan as reported in the Form 4 filing.
Was the Olin (OLN) Phantom Stock Unit transaction a market purchase or sale?
The transaction was a grant, not a market trade. The Form 4 shows transaction code “A” for a grant, award, or other acquisition, indicating compensation issued by Olin to director Earl L. Shipp rather than an open-market purchase or sale of existing shares.
What price is associated with Earl L. Shipp’s Olin (OLN) Phantom Stock Unit grant?
The award is linked to a reference price of $28.48 per Phantom Stock Unit. While Phantom Stock Units are a deferred compensation instrument, this price anchors the value of the 7,023 units granted on May 1, 2026 in the Form 4 disclosure.