Vijayvargiya Jugal K. 4
4 · MATERION Corp · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
MATERION CEO Jugal K. Vijayvargiya Exercises Options, Sells Shares
What Happened
Jugal K. Vijayvargiya, President & CEO and a director of MATERION Corp (MTRN), exercised 32,122 derivative awards on Feb 17, 2026 (code M) at an exercise price of $58.30, resulting in shares valued at $1,872,713. All 32,122 shares resulting from the exercise were disposed the same day: 19,159 shares were withheld to cover tax/exercise obligations (code F) at a weighted average price of $151.78 ($2,908,049), and 12,963 shares were sold in multiple open-market transactions (code S) for approximately $1,925,726. Total sales proceeds were about $4.83 million. This pattern is a cashless exercise/sell-to-cover (routine tax- and liquidity-related), not a fresh cash purchase.
Key Details
- Transaction date: February 17, 2026; Form 4 filed February 19, 2026 (timely filing).
- Exercise: 32,122 derivative shares acquired @ $58.30 = $1,872,713.
- Dispositions: 19,159 shares withheld for taxes @ $151.78 = $2,908,049; 12,963 shares sold in several open-market trades totaling ~$1,925,726.
- Total disposed = 32,122 shares (matches shares acquired); total sales proceeds ≈ $4,833,775.
- Sale prices executed across multiple transactions; weighted-average sale prices ranged roughly from $145.99 to $151.84 (see filing footnotes for per-trade breakdown).
- Footnote: stock appreciation rights (SARs) vested in three equal annual installments beginning Feb 22, 2020 (footnote F8). Footnote F2 indicates the reporting person can provide a per-price breakdown on request.
- Shares owned after the transactions are not specified in the summary data provided here — see the Form 4 for the post-transaction holdings.
Context
This was an exercise of derivative awards (SARs/options) followed by immediate dispositions to cover the exercise/tax obligation and additional open-market sales — commonly called a cashless exercise or sell-to-cover. Such transactions are typically administrative/liquidity events rather than a directional buy or sell signal; they do not by themselves indicate insider sentiment about the company’s prospects. Transaction codes: M = exercise/conversion of derivative, F = tax withholding, S = open-market sale.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-02-17$58.30/sh+32,122$1,872,713→ 162,375 total - Tax Payment
Common Stock
2026-02-17$151.78/sh−19,159$2,908,049→ 143,216 total - Sale
Common Stock
[F1][F2]2026-02-17$146.65/sh−1,575$230,978→ 141,641 total - Sale
Common Stock
[F2][F3]2026-02-17$147.42/sh−2,740$403,939→ 138,901 total - Sale
Common Stock
[F2][F4]2026-02-17$148.39/sh−5,254$779,652→ 133,647 total - Sale
Common Stock
[F2][F5]2026-02-17$149.59/sh−883$132,091→ 132,764 total - Sale
Common Stock
[F2][F6]2026-02-17$150.14/sh−1,200$180,168→ 131,564 total - Sale
Common Stock
[F2][F7]2026-02-17$151.72/sh−1,311$198,898→ 130,253 total - Exercise/Conversion
Stock Appreciation Rights
[F8]2026-02-17−32,122→ 0 totalExercise: $58.30Exp: 2026-02-22→ Common Stock (32,122 underlying)
Footnotes (8)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $145.990 to $146.975, inclusive.
- [F2]The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (1), (3), (4), (5), (6), and (7) of this Form 4.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $147.040 to $147.950, inclusive.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $148.065 to $148.875, inclusive.
- [F5]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $149.235 to $149.740, inclusive.
- [F6]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $150.025 to $150.465, inclusive.
- [F7]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $151.455 to $151.840, inclusive.
- [F8]The Stock Appreciation Rights vested in three equal annual installments beginning February 22, 2020.