PHILLIPPY ROBERT J 4
Research Summary
AI-generated summary
MATERION (MTRN) Director Robert J. Phillippy Receives RSU Award
What Happened
- Robert J. Phillippy, a director of MATERION Corp (MTRN), received a grant of restricted stock units (RSUs) on 2026-03-06. The filing shows 11.486 RSUs acquired at $0.00 and an additional 2 RSUs (recorded as a derivative award) also acquired at $0.00. No cash was paid for these awards in this transaction.
Key Details
- Transaction date: 2026-03-06; filing date: 2026-03-10 (appears timely under the two-business-day Form 4 rule).
- Award amounts: 11.486 RSUs (primary grant) and 2 RSUs (derivative, tied to dividend equivalents); total units = 13.486 RSU-equivalents.
- Price: $0.00 per unit (award/grant).
- Shares owned after transaction: not specified in the filing.
- Footnotes of note:
- F1: Each RSU equals the right to receive one share of MTRN common stock upon vesting.
- F2: The 2 RSUs were acquired via reinvestment of dividend equivalents and will vest at the same time as the related RSUs (vesting is the earlier of May 8, 2026 and the date of the next annual meeting of shareholders).
- F3: “Expiration Date is the same as the Date Exercisable” (standard note; not material for RSUs).
Context
- RSU grants are compensation awards that convert into shares only when they vest; they are not immediate stock purchases or sales and do not by themselves indicate a buy/sell signal. These units will convert to shares only after the vesting condition described above.