John P. Lindow - Oct 28, 2021 Form 4 Insider Report for MASCO CORP /DE/ (MAS)

Role
VP, Controller and CAO
Signature
Yvette M. VanRiper by Power of Attorney
Stock symbol
MAS
Transactions as of
Oct 28, 2021
Transactions value $
-$2,661,570
Form type
4
Date filed
10/29/2021, 04:19 PM
Next filing
Dec 30, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MAS Common Stock Options Exercise $539K +21.1K +71.4% $25.51 50.7K Oct 28, 2021 Direct
transaction MAS Common Stock Options Exercise $441K +19.3K +37.98% $22.92 70K Oct 28, 2021 Direct
transaction MAS Common Stock Options Exercise $456K +13.5K +19.32% $33.75 83.5K Oct 28, 2021 Direct
transaction MAS Common Stock Options Exercise $258K +13.1K +15.7% $19.66 96.6K Oct 28, 2021 Direct
transaction MAS Common Stock Sale -$4.36M -67K -69.37% $65.00 29.6K Oct 28, 2021 Direct F1

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 MAS Employee Stock Option Options Exercise -21.1K -100% 0 Oct 28, 2021 Common Stock 21.1K $25.51 Direct F2, F3
transaction MAS Employee Stock Option Options Exercise -13.5K -80% 3.38K Oct 28, 2021 Common Stock 13.5K $33.75 Direct F3, F4
transaction MAS Employee Stock Option Options Exercise -19.3K -100% 0 Oct 28, 2021 Common Stock 19.3K $22.92 Direct F3, F5, F6
transaction MAS Employee Stock Option Options Exercise -13.1K -100% 0 Oct 28, 2021 Common Stock 13.1K $19.66 Direct F3, F5, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.74 to $65.30, inclusive. The reporting person undertakes to provide to Masco Corporation, any security holder of Masco Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (1) to this Form 4.
F2 This option became exercisable in five equal annual installments commencing February 10, 2017.
F3 Grant of option under the Masco Corporation 2014 Long Term Stock Incentive Plan in transactions exempt under Rule 16b-3.
F4 This option, representing a right to purchase a total of 16,900 shares, is exercisable in five equal annual installments of 3,380 shares commencing February 10, 2018.
F5 In connection with the spin-off of TopBuild Corp. by Masco Corporation ("Masco") on June 30, 2015, outstanding stock options granted under the Masco 2014 Long Term Stock Incentive Plan by Masco to all plan participants, including to the reporting person, were adjusted on a value neutral basis to preserve the options' pre-spin intrinsic value.
F6 This option became exercisable in five equal annual installments commencing February 11, 2016.
F7 This option became exercisable in five equal annual installments commencing February 12, 2015.