MATERION (MTRN) director gains additional RSUs and deferred common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MATERION Corp director Robert J. Phillippy reported routine equity awards. He received 2.0000 restricted stock units, each representing one share of common stock, through dividend-equivalent reinvestment. He also acquired 11.4860 common shares credited to a Directors Deferred Compensation Plan. Following these awards, he holds 2,006.0000 restricted stock units, 12,027.2530 common shares indirectly through the plan, and 5,158.0000 common shares directly. The new restricted stock units vest at the earlier of May 8, 2026 or the next annual shareholder meeting.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
PHILLIPPY ROBERT J
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 2 | $0.00 | -- |
| Grant/Award | Common Stock | 11.486 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 2,006 shares (Direct);
Common Stock — 12,027.253 shares (Indirect, Held in Directors Deferred Compensation Plan);
Common Stock — 5,158 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a right to receive one share of MTRN common stock. The restricted stock units, which were acquired upon the reinvestment of the dividend equivalents, will vest at the same time as the restricted stock units to which they relate (earlier of May 8, 2026 and the date of the next annual meeting of MTRN's shareholders). Expiration Date is the same as the Date Exercisable.
FAQ
What insider transactions did MATERION (MTRN) director Robert J. Phillippy report?
Robert J. Phillippy reported acquiring equity awards, not making market trades. He received 2.0000 restricted stock units via dividend-equivalent reinvestment and 11.4860 common shares credited to a Directors Deferred Compensation Plan, both classified as grant or award acquisitions.
How many restricted stock units does MTRN director Robert J. Phillippy now hold?
After the reported grant, Phillippy holds 2,006.0000 restricted stock units. Each unit represents the right to receive one share of MATERION common stock, providing him with additional deferred equity exposure instead of immediate cash compensation.
When do Robert J. Phillippy’s new MTRN restricted stock units vest?
The newly acquired restricted stock units will vest at the earlier of May 8, 2026 or the date of MATERION’s next annual shareholder meeting, matching the vesting schedule of the original restricted stock units to which these dividend-equivalent units relate.
What are Robert J. Phillippy’s direct and indirect common stock holdings in MTRN after these transactions?
Following the reported awards, Phillippy holds 5,158.0000 MATERION common shares directly. Indirectly, through a Directors Deferred Compensation Plan, he holds 12,027.2530 common shares, reflecting accrued and credited amounts in that deferred compensation arrangement.
What does each MTRN restricted stock unit reported by Robert J. Phillippy represent?
Each reported restricted stock unit represents a right to receive one share of MATERION common stock. These units are non-cash equity awards that convert into shares upon vesting, aligning the director’s compensation with long-term shareholder interests over time.