OLIN Corp (NYSE: OLN) director receives 7,023 phantom stock units as compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OLIN Corp director Julie A. Piggott received a grant of 7,023 Phantom Stock Units tied to OLIN common stock. The units were awarded at a reference price of $28.48 per unit as part of her annual director compensation under the Olin Corporation Non-Employee Director Deferred Compensation Plan.
Each Phantom Stock Unit converts to one share of common stock on a one-to-one basis. Following this award, Piggott holds a total of 21,494.751 Phantom Stock Units directly, representing deferred, stock-based compensation rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
PIGGOTT JULIE A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 7,023 | $28.48 | $200K |
Holdings After Transaction:
Phantom Stock Units — 21,494.751 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 Units after grant: 21,494.751 units
+1 more
4 metrics
Phantom Stock Units granted
7,023 units
Director equity award on May 1, 2026
Grant reference price
$28.48 per unit
Phantom Stock Units valuation at grant
Total Phantom Units after grant
21,494.751 units
Director’s Phantom Stock Units holding after 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
"Security title is listed as "Phantom Stock Units" with a one-to-one 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
"Granted under the Olin Corporation Non-Employee Director Deferred Compensation Plan"
grant, award, or other acquisition financial
"Transaction code A is described as "Grant, award, or other acquisition""
underlying security financial
"Underlying security title is listed as Common Stock with matching shares"
FAQ
What insider transaction did OLIN Corp (OLN) director Julie Piggott report?
Julie A. Piggott reported receiving 7,023 Phantom Stock Units linked to OLIN common stock. The award represents part of her annual director compensation and is structured as deferred stock-based pay rather than a cash salary component or an open-market share purchase.
How are Julie Piggott’s Phantom Stock Units at OLIN Corp (OLN) valued?
The 7,023 Phantom Stock Units were granted at a reference price of $28.48 per unit. This price is typically used to calculate the value of the equity-based compensation at grant and helps determine the dollar amount of the director’s deferred compensation.
How many Phantom Stock Units does Julie Piggott hold after this OLN grant?
After the May 1, 2026 award, Julie A. Piggott holds 21,494.751 Phantom Stock Units. These units track OLIN common stock value, providing equity-linked compensation that aligns a non-employee director’s interests with shareholders over time through deferred stock-based awards.
Is Julie Piggott’s OLN Phantom Stock Unit award an open-market stock purchase?
No. The 7,023 Phantom Stock Units were granted as compensation, coded as a grant or award acquisition. It is not an open-market purchase or sale but a deferred equity-based payment under the Olin Corporation Non-Employee Director Deferred Compensation Plan.