4//SEC Filing
DANTONI DAVID J 4
Accession 0001127602-19-033629
CIK 0001090061other
Filed
Nov 24, 7:00 PM ET
Accepted
Nov 25, 8:07 AM ET
Size
6.2 KB
Accession
0001127602-19-033629
Insider Transaction Report
Form 4
DANTONI DAVID J
Director
Transactions
- Award
Phantom Shares
2019-11-22$10.10/sh+3,712.871$37,500→ 116,002.59 total(indirect: By Plan)→ Common Shares (3,712.871 underlying)
Footnotes (3)
- [F1]Each phantom share represents the right to receive the cash value of one OMNOVA Common Share.
- [F2]The phantom shares were acquired under the OMNOVA Solutions Common Shares Fund of the OMNOVA Solutions Inc. Deferred Compensation Plan for Nonemployee Directors (the "Plan"). Under the terms of the Plan, each nonemployee director may elect, prior to the calendar year in which fees are earned, to defer all or a portion of his or her annual retainer, and committee and board chairman's fees into one or more investment options available under the Plan, including the OMNOVA Solutions Common Shares Fund. Phantom shares are credited to a director's account based on the number of OMNOVA common shares that could have been purchased with the amount deferred at the closing price per share on the New York Stock Exchange on the date that the director's fees would otherwise have been payable to him.
- [F3]Phantom shares are payable in cash in a lump sum or in up to ten annual installments (as elected by the director), commencing at a deferral date elected by the director, except under certain circumstances where the Plan provides for earlier distribution of his or her account balance.
Documents
Issuer
OMNOVA SOLUTIONS INC
CIK 0001090061
Entity typeother
Related Parties
1- filerCIK 0001023572
Filing Metadata
- Form type
- 4
- Filed
- Nov 24, 7:00 PM ET
- Accepted
- Nov 25, 8:07 AM ET
- Size
- 6.2 KB