Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | OLN | Performance Shares | Options Exercise | -250K | -100% | 0 | Dec 31, 2023 | Common Stock | 250K | Direct | F1, F2 |
Id | Content |
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F1 | Each performance share represented a contingent right to receive one share of Olin Common Stock. The number of performance shares that may vest ranges between 0 and 500,000, with a target number of 250,000. Performance shares vest based on the reporting person's continued employment and the achievement of an average Olin Common Stock price between $25 and $55 per share, with a target of $40 per share, over any consecutive 45 trading days between September 1, 2020 and December 31, 2023. Olin's Compensation Committee of the Board approved the grant of performance shares in connection with the reporting person's appointment as CEO/President effective September 1, 2020. |
F2 | Security converts to common stock on a one-to-one basis. |