Vijayvargiya Jugal K. 4
Research Summary
AI-generated summary
MATERION CEO Jugal K. Vijayvargiya Receives 11 RSU Award
What Happened
- Jugal K. Vijayvargiya, President, CEO and director of MATERION Corp (MTRN), was granted 11 restricted stock units (RSUs) on June 12, 2026. The Form 4 reports an acquisition of 11 derivative units at $0.00 (grant/award). This is a compensation award rather than an open‑market purchase or sale.
Key Details
- Transaction type: Grant/Award (Code A)
- Transaction date: 2026-06-12; Form 4 filed: 2026-06-16 (reporting period 2026-06-12)
- Units acquired: 11 RSUs at $0.00; total value shown on the form: $0
- Nature of award: Derivative RSUs (each RSU represents a right to receive one share) — see footnote F1
- Dividend equivalents: Footnote F2 indicates some units were acquired via reinvested dividend equivalents and will vest with the related RSUs
- Vesting/exercisable note: Footnote F3 states the expiration date equals the date exercisable (as noted in the filing)
- Shares owned after transaction: Not specified in the provided filing excerpt
- Timeliness: Filing date is 6/16/2026 for a 6/12/2026 transaction; no late‑filing flag indicated in the supplied details
Context
- RSUs are compensation awards that convert to actual shares only upon vesting; they are not an immediate market purchase and typically reflect company pay practices rather than direct trading intent. The $0 grant value on the Form 4 reflects the award reporting; it does not mean shares are currently tradable.