Olin (NYSE: OLN) VP & Controller reports RSU vesting and tax share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Olin Corp VP & Controller Nichole Sumner reported equity award activity involving restricted stock units and common shares. On February 20, 2026, 1,835 restricted stock units were exercised and converted into 1,835 shares of common stock, with no cash exercise price. To cover taxes on this vesting, 538 common shares were disposed of at $24.09 per share through a tax-withholding transaction. After these transactions, the reporting person directly held 26,147 common shares and 3,669 restricted stock units, plus 9,452.6705 common shares held indirectly through the Olin Corporation Retirement Savings Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,835 shares exercised/converted
Mixed
4 txns
Insider
Sumner R Nichole
Role
VP & Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,835 | $0.00 | -- |
| Exercise | Common Stock | 1,835 | $0.00 | -- |
| Tax Withholding | Common Stock | 538 | $24.09 | $13K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 3,669 shares (Direct);
Common Stock — 26,685 shares (Direct);
Common Stock — 9,452.671 shares (Indirect, By RSP Trustee)
Footnotes (1)
- Restricted stock units convert into common stock on a one-to-one basis. The figure represents shares of Olin Common Stock held under the Olin Corporation Retirement Savings Plan (RSP), a tax conditioned plan reflecting transactions exempt under Rule 16b-3, as reported by the RSP Plan Administrator as of February 20, 2026. On February 20, 2025 the reporting person was granted 5,504 restricted stock units, 1,835 shares vested on February 20, 2026, 1,835 shares vest on February 20, 2027 and 1,834 shares vest on February 20, 2028.
FAQ
What did Olin (OLN) VP & Controller Nichole Sumner report on this Form 4?
Nichole Sumner reported equity award activity, including the exercise of 1,835 restricted stock units into common shares and a related tax-withholding share disposition. The filing updates her direct and indirect ownership positions in Olin common stock and restricted stock units.
How many Olin (OLN) restricted stock units did Nichole Sumner vest and convert?
She vested and converted 1,835 restricted stock units into 1,835 shares of Olin common stock on February 20, 2026. Footnotes state these units come from a 5,504-unit grant, with additional tranches scheduled to vest in February 2027 and February 2028.
What are Nichole Sumner’s direct Olin (OLN) holdings after these transactions?
Following the reported activity, Nichole Sumner directly held 26,147 shares of Olin common stock and 3,669 restricted stock units. These figures reflect the vesting-related conversion of units and the tax-withholding disposition reported for February 20, 2026.
What indirect Olin (OLN) holdings does the Form 4 show for Nichole Sumner?
The filing lists 9,452.6705 shares of Olin common stock held indirectly through the Olin Corporation Retirement Savings Plan. A footnote explains this is a tax-conditioned plan, with amounts based on data reported by the plan administrator as of February 20, 2026.
How do the restricted stock units in the Olin (OLN) Form 4 convert into common stock?
The footnotes state that restricted stock units convert into Olin common stock on a one-to-one basis. This means each vested restricted stock unit becomes one share of common stock when it is settled, as occurred with the 1,835 units on February 20, 2026.