Olin (NYSE: OLN) CEO exercises 50,000 RSUs and withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Olin Corp’s President & CEO Kenneth Todd Lane exercised 50,000 restricted stock units into 50,000 shares of common stock. The restricted stock units convert to common stock on a one-for-one basis. As part of the same event, 19,675 common shares were withheld at a price of $26.25 per share to cover tax obligations.
Following these transactions on common stock, Lane directly held 100,287 Olin common shares. The restricted stock units stem from a 200,000-unit grant made on March 18, 2024, of which 50,000 vested on March 18, 2025, 50,000 vested on March 18, 2026, and 100,000 are scheduled to vest on March 18, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
50,000 shares exercised/converted
Mixed
3 txns
Insider
Lane Kenneth Todd
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 50,000 | $0.00 | -- |
| Exercise | Common Stock | 50,000 | $0.00 | -- |
| Tax Withholding | Common Stock | 19,675 | $26.25 | $516K |
Holdings After Transaction:
Restricted Stock Units — 100,000 shares (Direct);
Common Stock — 119,962 shares (Direct)
Footnotes (1)
- Restricted stock units convert into common stock on a one-on-one basis. On March 18, 2024 the reporting person was granted 200,000 restricted stock units. 50,000 vested on March 18, 2025, 50,000 vested on March 18, 2026 and 100,000 will vest on March 18, 2027.
FAQ
What insider transaction did Olin (OLN) CEO Kenneth Todd Lane report?
Kenneth Todd Lane reported exercising 50,000 restricted stock units into 50,000 shares of Olin common stock. In connection with this vesting event, 19,675 common shares were withheld at $26.25 per share to satisfy tax obligations, leaving him with 100,287 directly held common shares afterward.
How many Olin (OLN) restricted stock units did the CEO exercise and at what rate?
Lane exercised 50,000 restricted stock units that converted into 50,000 Olin common shares. The footnotes state that restricted stock units convert into common stock on a one-to-one basis, meaning each unit became one share as part of this vesting and exercise event.
How were taxes handled in Kenneth Todd Lane’s March 18, 2026 Olin transaction?
To cover tax obligations tied to the vesting and exercise, 19,675 Olin common shares were disposed of at $26.25 per share. This disposition is coded as a tax-withholding transaction, meaning the shares were delivered to satisfy tax liabilities rather than sold in an open-market trade.
What is the vesting schedule of Kenneth Todd Lane’s 200,000 Olin restricted stock units?
Lane was granted 200,000 restricted stock units on March 18, 2024. Footnotes state 50,000 vested on March 18, 2025, another 50,000 vested on March 18, 2026, and the remaining 100,000 restricted stock units are scheduled to vest on March 18, 2027, subject to applicable conditions.
Does the Form 4 show any remaining Olin derivative positions for the CEO after this exercise?
The derivative summary in the Form 4 is empty following this exercise, indicating no additional derivative positions are shown in this particular filing. However, the footnote notes 100,000 restricted stock units from the 2024 grant are scheduled to vest on March 18, 2027.