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v3.24.2

STOCK-BASED COMPENSATION (Details 2) - USD ($) | 6 Months Ended
--- | ---
Jun. 30, 2024 | Jun. 30, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |  |
Performance Share Award, Total Shareholder Return Percent | 50.00% |
Performance Share Award Cycle | 3 |
Performance Share Award, Net Income Percent | 50.00% |
Black-Sholes Option-Pricing Model |  |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |  |
Dividend yield | 1.50% | 1.32%
Risk-free interest rate | 4.35% | 4.07%
Expected volatility of Olin common stock | 47.00% | 47.00%
Expected life (years) | 7 years | 7 years
Weighted-average grant fair value (per option) | $ 24.79 | $ 28.74
Weighted-average exercise price | $ 53.43 | $ 60.55
Stock options granted | 601,157 | 562,124
Monte Carlo Simulation Model |  |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |  |
Risk-free interest rate | 4.53% | 4.46%
Expected volatility of Olin common stock | 41.00% | 52.00%
Expected life (years) | 3 years | 3 years
Expected average volatility of peer companies | 0.37 | 0.42
Average correlation coefficient of peer companies | 0.40 | 0.51
Grant date fair value (TSR-based award) | $ 72.80 | $ 86.98
Grant date fair value (net income-based award) | $ 54.07 | $ 60.55
Performance share awards granted | 180,714 | 161,474

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- Definition The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(iii) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (f)(2)(ii) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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