OLN - Strategic Sale: McDougald Scott Sutton Decides To Exercise Options Worth $4.83M At Olin | Benzinga
On February 2, it was revealed in an SEC filing that McDougald Scott Sutton, Chairman at Olin (NYSE:OLN) executed a significant exercise of company stock options.
What Happened: Disclosed in a Form 4 filing on Friday with the U.S. Securities and Exchange Commission, Sutton, Chairman at Olin, executed a strategic derivative sale. This involved exercising stock options for 205,534 shares of OLN, resulting in a transaction value of $4,832,104.
The latest update on Friday morning shows Olin shares down by 0.21%, trading at $52.5. At this price, Sutton's 205,534 shares are worth $4,832,104.
About Olin
Olin Corp manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into three segments based on the product type. The Chlor alkali products and Vinyls segment, which generates the majority of revenue, sells chlorine and caustic soda, which are used in a variety of industries including cosmetics, textiles, crop protection, and fire protection products. The Epoxy segment sells epoxy resins used in paints and coatings. The Winchester segment sells sporting ammunition and ammunition accessories under the Winchester brand. The majority of revenue comes from the United States.
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