ESOPApr 30, 2026, 04:20 PM
OLN Shareholders Approve 2026 Long Term Incentive Plan
AI Summary
Olin Corporation's shareholders approved the 2026 Long Term Incentive Plan (2026 LTIP) at the annual meeting on April 30, 2026, making it effective immediately. The Compensation Committee subsequently approved various award agreements under the 2026 LTIP, including Director Stock Grants, Restricted Stock Units (RSUs), Performance Share Units (PSUs), and Non-Qualified Stock Options. These awards are designed to provide equity compensation to non-employee directors, officers, and key employees, with varying vesting schedules and performance conditions.
Key Highlights
- Shareholders approved the Olin Corporation 2026 Long Term Incentive Plan (2026 LTIP).
- The 2026 LTIP is effective immediately for granting equity compensation.
- Compensation Committee approved forms for Director Stock Grant, RSU, PSU, and Stock Option awards.
- Director Stock Grants provide fully vested shares to non-employee directors.
- Restricted Stock Units (RSUs) vest in equal annual installments over a three-year period.
- Performance Share Units (PSUs) vest based on Adjusted EBITDA and relative TSR over three years.
- Non-Qualified Stock Options vest over three years and have a ten-year term.
Price Impact
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