OLIN Corp (OLN) executive exercises 1,250 RSUs, withholds 492 shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
OLIN Corp executive Florian J. Kohl reported routine stock-based compensation activity. On June 1, Kohl exercised 1,250 restricted stock units, converting them into an equal number of common shares. To cover tax obligations, 492 common shares were disposed of as a tax-withholding transaction. Following these transactions, Kohl directly holds 8,441 common shares and 2,500 restricted stock units, with the remaining units scheduled to vest through June 1, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,250 shares exercised/converted
Mixed
3 txns
Insider
Kohl Florian J
Role
VP & Pres,Epoxy&International
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,250 | $0.00 | -- |
| Exercise | Common Stock | 1,250 | $0.00 | -- |
| Tax Withholding | Common Stock | 492 | $25.67 | $13K |
Holdings After Transaction:
Restricted Stock Units — 2,500 shares (Direct, null);
Common Stock — 8,441 shares (Direct, null)
Footnotes (1)
- Restricted stock units convert into common stock on a one-to-one basis. On June 1, 2024 the reporting person was granted 5,000 restricted stock units. 1,250 vested on June 1, 2025, 1,250 vested on June 1, 2026 and 2,500 will vest on June 1, 2027.
Key Figures
Tax-withholding shares: 492 shares
RSUs exercised: 1,250 units
Post-transaction common shares: 8,441 shares
+3 more
6 metrics
Tax-withholding shares
492 shares
Common stock disposed at $25.67 per share to cover tax liability
RSUs exercised
1,250 units
Restricted stock units converted into common stock on June 1, 2026
Post-transaction common shares
8,441 shares
Common stock directly held by Florian J. Kohl after transactions
Outstanding RSUs
2,500 units
Restricted stock units remaining after prior vesting events
Grant size
5,000 RSUs
Restricted stock units granted on June 1, 2024
Tax-withholding price
$25.67 per share
Price used for 492-share tax-withholding disposition
Key Terms
Restricted stock units, tax-withholding disposition, derivative security, vested
4 terms
Restricted stock units financial
"Restricted stock units convert into common stock on a one-to-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"Payment of exercise price or tax liability by delivering securities"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vested financial
"1,250 vested on June 1, 2025, 1,250 vested on June 1, 2026"
FAQ
What insider transactions did OLIN Corp (OLN) report for Florian J. Kohl?
OLIN Corp reported that executive Florian J. Kohl exercised 1,250 restricted stock units into common shares and disposed of 492 common shares for tax withholding. These are routine compensation-related transactions rather than open-market buying or selling of stock.
What is the vesting schedule of Florian J. Kohl’s OLIN Corp restricted stock units?
Kohl was granted 5,000 restricted stock units on June 1, 2024. According to the filing, 1,250 vested on June 1, 2025, another 1,250 vested on June 1, 2026, and the remaining 2,500 restricted stock units are scheduled to vest on June 1, 2027.
How do OLIN Corp (OLN) restricted stock units convert into common stock?
The filing states that OLIN Corp restricted stock units convert into common stock on a one-to-one basis. This means each vested restricted stock unit is settled in one share of OLIN common stock when it is exercised or delivered.
What does the tax-withholding transaction mean in the OLIN Corp (OLN) Form 4?
The Form 4 describes the 492-share disposition as payment of tax liability by delivering securities. This indicates shares were withheld or delivered to cover taxes due on the vesting or exercise, not sold as a discretionary open-market transaction.