Olin (NYSE: OLN) director receives 7,023 phantom stock units award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OLIN Corp director Carol A. Williams received a grant of 7,023 Phantom Stock Units as part of her annual director compensation. These units were awarded under the Olin Corporation Non-Employee Director Deferred Compensation Plan and are classified as a grant, award, or other acquisition.
Each Phantom Stock Unit is linked to one share of OLIN Corp common stock on a one-to-one basis. Following this grant, Williams directly holds a total of 58,850 Phantom Stock Units, reflecting her accumulated deferred equity-based board compensation.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Williams Carol A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 7,023 | $28.48 | $200K |
Holdings After Transaction:
Phantom Stock Units — 58,850 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
Grant reference price: $28.48 per unit
Total Phantom Stock Units after grant: 58,850 units
+1 more
4 metrics
Phantom Stock Units granted
7,023 units
Grant to director Carol A. Williams
Grant reference price
$28.48 per unit
Phantom Stock Units transaction price per unit
Total Phantom Stock Units after grant
58,850 units
Holdings following transaction
Conversion ratio
1 unit : 1 share
Phantom Stock Units to OLIN common stock
Key Terms
Phantom Stock Units, Non-Employee Director Deferred Compensation Plan, Grant, award, or other acquisition, underlying security
4 terms
Phantom Stock Units financial
"OLIN Corp director Carol A. Williams received a grant of 7,023 Phantom Stock Units"
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: Grant, award, or other acquisition"
underlying security financial
"underlying_security_title: Common Stock"
FAQ
What did OLIN Corp (OLN) disclose about Carol A. Williams in this Form 4?
OLIN Corp reported that director Carol A. Williams received 7,023 Phantom Stock Units as a grant. These units form part of her annual director compensation under the company’s Non-Employee Director Deferred Compensation Plan and are tied one-for-one to OLIN common stock.
How many Phantom Stock Units did Carol A. Williams receive from OLIN Corp (OLN)?
Carol A. Williams received a grant of 7,023 Phantom Stock Units. This award increases her deferred equity-based compensation balance and is classified as a grant, award, or other acquisition, rather than an open-market purchase of OLIN Corp common shares.
What is the relationship between OLIN Corp Phantom Stock Units and common stock?
Each OLIN Corp Phantom Stock Unit converts to common stock on a one-to-one basis. This means every unit represents the economic equivalent of one share of OLIN common stock, aligning director compensation with shareholder value over time through deferred equity awards.
What is Carol A. Williams’ Phantom Stock Unit balance after this OLIN (OLN) grant?
After the 7,023-unit grant, Carol A. Williams directly holds 58,850 Phantom Stock Units. This figure reflects her cumulative deferred compensation awards as a non-employee director, all of which are linked to OLIN Corp common stock on a one-to-one conversion basis.
Was the OLIN Corp (OLN) Phantom Stock Unit transaction a market buy or sell?
No, the transaction was reported as a grant, award, or other acquisition, not a market trade. The Form 4 classifies it under transaction code “A,” indicating compensation-related issuance of Phantom Stock Units rather than an open-market purchase or sale of OLIN shares.