Olin (NYSE: OLN) VP Carter reports RSU conversion and tax share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Olin Corp executive Deon Carter reported equity award activity involving restricted stock units and common shares. On February 20, 2026, 6,759 restricted stock units were exercised and converted into 6,759 shares of common stock at a price of $0.0000 per share, increasing his directly held common stock to 8,650 shares. On the same date, 1,793 common shares at $24.0900 per share were disposed of to cover tax obligations tied to this equity award, leaving 6,857 directly held common shares. The restricted stock units convert into common stock on a one-for-one basis, and form part of a larger grant of 20,276 restricted stock units that vest in annual tranches through February 20, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
6,759 shares exercised/converted
Mixed
3 txns
Insider
Carter Deon
Role
VP & President CAPV
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,759 | $0.00 | -- |
| Exercise | Common Stock | 6,759 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,793 | $24.09 | $43K |
Holdings After Transaction:
Restricted Stock Units — 13,517 shares (Direct);
Common Stock — 8,650 shares (Direct)
Footnotes (1)
- Restricted stock units convert into common stock on a one-on-one basis. On February 20, 2025 the reporting person was granted 20,276 restricted stock units, 6,759 shares vested on February 20, 2026, 6,759 shares vest on February 20, 2027 and 6,758 shares vest on February 20, 2028.
FAQ
What insider transactions did Olin (OLN) executive Deon Carter report?
Deon Carter reported the vesting and conversion of 6,759 restricted stock units into common stock and the disposition of 1,793 shares to satisfy tax obligations related to this equity award, all occurring on February 20, 2026.
Was the Olin (OLN) Form 4 transaction an open-market stock sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Code “F” indicates shares were delivered to cover exercise price or tax liability arising from the restricted stock unit vesting and conversion, rather than a discretionary sale on the market.
What are the vesting terms of Deon Carter’s Olin (OLN) restricted stock units?
Carter was granted 20,276 restricted stock units on February 20, 2025. 6,759 units vested on February 20, 2026, another 6,759 vest on February 20, 2027, and 6,758 units vest on February 20, 2028, all converting one-for-one into common stock.
What do the transaction codes M and F mean in the Olin (OLN) Form 4?
Code M indicates the exercise or conversion of a derivative security, here restricted stock units converting into common shares. Code F represents a disposition of shares to pay the exercise price or tax liability, typically via share withholding, not an open-market trade.