A substantial insider activity was disclosed on February 1, as Slater, VP & CFO at Olin (NYSE:OLN), reported the exercise of a large sell of company stock options.
What Happened: A notable Form 4 filing on Thursday with the U.S. Securities and Exchange Commission revealed that Slater, VP & CFO at Olin, exercised stock options for 63,250 shares of OLN, resulting in a transaction value of $1,572,847.
During Thursday's morning session, Olin shares down by 0.0%, currently priced at $52.07. Considering the current price, Slater's 63,250 shares have a total value of $1,572,847.
Get to Know Olin Better
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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