KHILNANI VINOD M 4

What Happened

• Vinod M. Khilnani, a director of MATERION Corp (MTRN), had derivative activity on May 7, 2026 and an award issuance on May 8, 2026. The filing shows a conversion/exercise or similar derivative event involving 2,006 shares (acquired and simultaneously disposed at $0.00) and the issuance/vesting of 837 restricted stock units (RSUs) reported as acquired at $0.00.
• Reported prices and totals show no cash proceeds (disposition price $0.00). The 837 shares reflect RSUs that vested; the 2,006-share derivative transaction appears to have been settled without cash changing hands.

Key Details

• Transaction dates: May 7, 2026 (derivative exercise/conversion) and May 8, 2026 (RSU issuance following vest).
• Quantities: 2,006 shares (exercise/conversion; acquired and disposed at $0.00) and 837 RSUs issued/vested (acquired at $0.00).
• Prices/values: All reported at $0.00; no cash proceeds reported in the filing.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes of note:
  • F1: Each restricted stock unit equals a right to one share of MTRN common stock.
  • F2: The 837 shares were issued pursuant to an RSU grant made May 8, 2025 that vested on May 7, 2026.
  • F3: Expiration date equals date exercisable for the derivative.
  • F4: The RSUs generally vest on the earlier of the first anniversary of grant or the next annual meeting.
• Filing timing: Form 4 was filed May 11, 2026 for transactions on/around May 7–8, 2026; this appears to meet the typical Form 4 reporting timeframe.

Context

• The filing combines a derivative conversion/exercise and the vesting/issuance of RSUs. A reported disposition price of $0.00 for the 2,006-share derivative transaction typically indicates shares were surrendered or withheld as part of settlement (for example, to satisfy tax withholding or exercise costs) rather than sold in the open market for cash. The 837 RSUs represent compensation that vested and converted into shares.
• These events are routine compensation/settlement actions by an insider and do not necessarily signal a buy or sell opinion about the company by the director.