Gregory R. Chemnitz - Aug 19, 2022 Form 4 Insider Report for MATERION Corp (MTRN)

Role
VP General Counsel & Secretary
Signature
/s/Michelle R Mekinda, as Attorney-in-Fact
Stock symbol
MTRN
Transactions as of
Aug 19, 2022
Transactions value $
-$492,521
Form type
4
Date filed
8/23/2022, 01:53 PM
Previous filing
Jun 21, 2022
Next filing
Sep 12, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTRN Common Stock Options Exercise $370K +6.35K +36.91% $58.30 23.5K Aug 19, 2022 Direct
transaction MTRN Common Stock Options Exercise $270K +5.36K +22.76% $50.35 28.9K Aug 19, 2022 Direct
transaction MTRN Common Stock Tax liability -$856K -8.84K -30.58% $96.87 20.1K Aug 19, 2022 Direct
transaction MTRN Common Stock Sale -$241K -2.5K -12.46% $96.28 17.6K Aug 19, 2022 Direct F1
transaction MTRN Common Stock Sale -$35.6K -368 -2.1% $96.80 17.2K Aug 19, 2022 Direct F2
holding MTRN Common Stock 5.25K Aug 19, 2022 Held in 401(k) Plan

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MTRN Stock Appreciation Rights Options Exercise $0 -6.35K -100% $0.00* 0 Aug 19, 2022 Common Stock 6.35K $58.30 Direct F3
transaction MTRN Stock Appreciation Rights Options Exercise $0 -5.36K -100% $0.00* 0 Aug 19, 2022 Common Stock 5.36K $50.35 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported price is a weighted average sales price of shares sold in multiple transactions at prices ranging from $95.66 to 96.60, inclusive. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer or the Staff of the Securities and Exchange Commission, upon request, with full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1) and (2) of this Form 4.
F2 The reported price is a weighted average sales price of shares sold in multiple transactions at prices of either $96.79 or $96.805
F3 These Stock Appreciation Rights vested in three substantially equal installments on February 22, 2020, February 22, 2021, and February 22, 2022.
F4 These Stock Appreciation Rights vested in three substantially equal installments on March 1, 2019, March 1, 2020, and March 1, 2021.