How many Phantom Stock Units did Olin Corp director Carol A. Williams receive in this award, and what is the significance of each unit?

Carol A. Williams received 7,023 Phantom Stock Units as part of her annual director compensation under the Olin Corporation Non-Employee Director Deferred Compensation Plan. Each unit is equivalent to one share of Olin Corp common stock, meaning the award directly ties her compensation to the value of the company’s stock without issuing actual shares or requiring immediate ownership. This structure aligns her financial interests with long-term shareholder value, as the units vest and settle in cash or stock according to plan terms, and the transaction is classified as a grant/award—not a market trade—emphasizing its role in governance-aligned incentive design.

What is Carol A. Williams’s total current holding of Phantom Stock Units after this award, and how does this reflect her compensation structure?

Following this award, Carol A. Williams now directly holds 58,850 Phantom Stock Units. This cumulative total reflects her ongoing participation in Olin’s Non-Employee Director Deferred Compensation Plan, where compensation is deferred and paid in phantom stock units rather than cash or unrestricted shares. The use of phantom units allows directors to benefit from stock price appreciation while deferring taxation and avoiding actual share issuance, supporting both retention and alignment with shareholder outcomes—all consistent with the stated purpose of the award to 'align her compensation with shareholder value.'

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