Ehrhardt Marc 4

What Happened

• Marc Ehrhardt, Vice President and President of Corporate Development at OLIN Corp (OLN), had restricted stock units (RSUs) convert into 7,706 shares on May 1, 2026 (5,206 + 2,500). To satisfy tax withholding, 1,877 of those shares were withheld and valued at $28.48 per share, totaling $53,457. The remaining 5,829 shares were delivered to him. The conversion is recorded as exercise/conversion of a derivative (code M) and the withholding is reported under code F.

Key Details

• Transaction date: May 1, 2026; Form 4 filed May 5, 2026 (filed within the two-business-day window).
• RSUs converted: 7,706 shares (5,206 and 2,500 from two separate grants).
• Shares withheld for taxes: 1,877 @ $28.48 = $53,457.
• Net shares delivered to insider: 5,829 shares.
• Footnotes: F1 notes RSUs convert 1:1 to common stock. F2/F3 show these RSUs were granted May 1, 2025 with staggered vesting (portions vesting in 2026–2028).
• Shares owned after transaction: not specified in this Form 4 filing.

Context

• This was a routine vesting/conversion of RSUs, not an open-market purchase or sale. The withholding of shares to cover taxes is a common administrative step (similar to a sell-to-cover) and does not necessarily indicate a change in insider sentiment. Code explanations: M = exercise/conversion of a derivative (here, RSU conversion); F = shares withheld to satisfy tax withholding.