Chemnitz Gregory R. 4
Research Summary
AI-generated summary
MATERION (MTRN) VP General Counsel Gregory Chemnitz Receives Award
What Happened
- Gregory R. Chemnitz, VP General Counsel & Secretary of MATERION Corp (MTRN), was granted/acquired 2 restricted stock units (RSUs) on 2026-06-12. The units were recorded as a derivative award at $0.00 per unit (no cash paid).
Key Details
- Transaction date: 2026-06-12; Form 4 filed: 2026-06-16.
- Transaction type: Award/Grant (derivative RSUs) — 2 units @ $0.00.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes from the filing:
- F1: Each restricted stock unit represents a right to receive one share of MTRN common stock.
- F2: These units were acquired upon reinvestment of dividend equivalents and will vest at the same time as the related RSUs.
- F3: Expiration Date is the same as the Date Exercisable (administrative detail for the award).
- No indication in the excerpt that the filing was late; Form 4 was reported four days after the transaction.
Context
- This was a small, non-cash derivative award tied to dividend reinvestment rather than an open-market purchase or sale. Such dividend-reinvested RSUs are routine and generally administrative in nature rather than a direct signal of insider buying or selling sentiment.