Prevost Patrick M. 4
Research Summary
AI-generated summary
MATERION (MTRN) Director Patrick M. Prevost Receives RSU Award
What Happened
- Patrick M. Prevost, a director of MATERION Corp (MTRN), was awarded a total of 17.445 restricted stock units (RSUs) on March 6, 2026 — 15.445 RSUs as an award and 2 RSUs acquired as reinvested dividend equivalents. The units were granted at $0.00 (i.e., awarded as compensation), so no cash was paid by the insider.
Key Details
- Transaction date: 2026-03-06; Form 4 filed 2026-03-10 (timely filing within required business days).
- Award details: 15.445 RSUs (primary award) and 2 RSUs (derivative, from reinvested dividend equivalents).
- Price: $0.00 per unit (awarded, not purchased); total cash cost to insider = $0.
- Shares owned after transaction: not specified in the filing excerpt.
- Footnotes: F1—each RSU represents one share of MTRN common stock; F2—the 2 dividend-equivalent RSUs will vest at the same time as the related RSUs (earlier of May 8, 2026 and the date of the next annual meeting); F3 referenced but not material to these RSUs.
Context
- RSUs are a form of compensation that convert into shares upon vesting; this award is routine compensation (not an open-market purchase or sale) and does not by itself indicate an immediate buy/sell view by the insider.
- The derivative RSUs were created by reinvesting dividend equivalents and will vest on the same schedule as the related RSUs.