Director Edward Daly gets 7,023 Olin (NYSE: OLN) phantom units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Olin Corporation director Edward Daly received a grant of 7,023 Phantom Stock Units on May 1, 2026. The filing describes this as a grant or award acquisition and notes that each unit converts into one share of Olin common stock on a one-to-one basis.
According to the disclosure, this grant represents a portion of Daly's annual director compensation under the Olin Corporation Non-Employee Director Deferred Compensation Plan. Following this award, Daly holds a total of 16,672 Phantom Stock Units directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Daly Edward
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Units | 7,023 | $28.48 | $200K |
Holdings After Transaction:
Phantom Stock Units — 16,672 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: 16,672 units
+1 more
4 metrics
Phantom Stock Units granted
7,023 units
Grant to director Edward Daly on May 1, 2026
Grant reference price
$28.48 per unit
Price per Phantom Stock Unit for the reported grant
Total Phantom Stock Units after grant
16,672 units
Edward Daly’s holdings following the transaction
Conversion ratio
1 unit : 1 share
Each Phantom Stock Unit converts into one Olin common share
Key Terms
Phantom Stock Units, Grant, award, or other acquisition, Non-Employee Director Deferred Compensation Plan, one-to-one basis
4 terms
Phantom Stock Units financial
"Security title is listed as "Phantom Stock Units" for the reported grant."
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.
Grant, award, or other acquisition financial
"Transaction code A is described as "Grant, award, or other acquisition"."
Non-Employee Director Deferred Compensation Plan financial
"Annual director compensation granted under the Olin Corporation Non-Employee Director Deferred Compensation Plan."
one-to-one basis financial
"Security converts to common stock on a one-to-one basis."
FAQ
What insider transaction did Olin (OLN) report for director Edward Daly?
Olin reported that director Edward Daly received 7,023 Phantom Stock Units as a grant or award. These units are part of his annual director compensation and increase his total Phantom Stock Unit holdings to 16,672, all reported as directly owned following the transaction.
What are Phantom Stock Units in the Olin (OLN) Form 4 filing?
Phantom Stock Units are derivative awards that mirror Olin’s common stock value. In this filing, each Phantom Stock Unit converts into one share of Olin common stock on a one-to-one basis, linking the director’s compensation directly to the company’s share performance over time.
How many Olin (OLN) Phantom Stock Units does Edward Daly hold after this grant?
After receiving 7,023 Phantom Stock Units, Edward Daly holds 16,672 Phantom Stock Units in total. The filing shows these units as directly owned and tied to Olin common stock on a one-to-one conversion basis, reflecting his accumulated deferred director compensation awards.
How is the 7,023-unit grant to Edward Daly characterized in Olin’s (OLN) filing?
The 7,023 Phantom Stock Units are characterized as a “Grant, award, or other acquisition.” A footnote explains they represent a portion of Daly’s annual director compensation granted under the Olin Corporation Non-Employee Director Deferred Compensation Plan, rather than an open-market purchase or sale.