XML 40 R3.htm IDEA: XBRL DOCUMENT v3.25.1
Award Timing Disclosure
12 Months Ended
Dec. 31, 2024
USD ($)
shares
$ / shares
Rate
Feb. 22, 2024
USD ($)
shares
$ / shares
Rate
Award Timing Disclosures [Line Items]    
Award Timing MNPI Disclosure STOCK OPTION GRANT PRACTICES
As discussed in the CD&A above, our Compensation Committee typically approves any stock option awards at its
first committee meeting each year.  In addition, our Compensation Committee’s long-standing practice is to ensure that all
stock option awards have a grant effective date at least 10 business days after the release of year-end earnings.  Our
plans and policies do not permit “back dating” of options and all stock option awards must have an exercise price at least
equal to our stock’s fair market value (defined by our LTIP as the average of the high-low price on such date) as of the
grant effective date.
Olin issued a press release announcing financial results on the afternoon of January 25, 2024, after market close. 
This press release contained Olin’s fourth quarter and full-year 2023 net income, adjusted EBITDA, detailed segment
information and a consolidated financial statement.  Our Compensation Committee met on February 21, 2024 at which
time it approved our 2024 LTIP awards, of which 50% consisted of stock option grants.  The stock option grants were
effective February 22, 2024, 19 trading days after the release of our fourth quarter and full-year 2023 earnings.
The Compensation Committee followed its customary stock option grant practices when approving these stock
option awards, which coincided with the filing of our Form 10-K Annual Report.  As a result, below is specific required
information regarding these awards.  We do not have a program, plan or practice of timing equity award grants in
conjunction with the release of material nonpublic information (or vice versa).  We have never re-priced or back-dated
stock options under any of our equity compensation plans and our equity plans explicitly prohibit reducing or repricing the
exercise price of stock option awards.
NEO
Grant Date
Number of
Securities
Underlying
the Award
Exercise
Price of the
Award
Grant Date
Fair Value of
the Award
Percentage Change in the
Closing Market Price of the
Securities Underlying the
Award between the Trading
Day ending Immediately Prior
to the Disclosure of Material
Nonpublic Information and
the Trading Day beginning
immediately following the
Disclosure of Material
Nonpublic Information (1)
Kenneth T. Lane (2)
$
$
%
Todd A. Slater
2/22/2024
34,754
$52.29
$840,004
1.4%
Brett A. Flaugher
2/22/2024
24,825
$52.29
$600,020
1.4%
Dana C. O'Brien
2/22/2024
22,756
$52.29
$550,013
1.4%
Florian J. Kohl
2/22/2024
12,413
$52.29
$300,022
1.4%
Scott M. Sutton (3)
$
$
%
Patrick M. Schumacher
2/22/2024
24,825
$52.29
$600,020
1.4%
Damian Gumpel
2/22/2024
22,756
$52.29
$550,013
1.4%
(1)The closing price of our common stock on February 21, 2024 was $51.86 and the closing price of our common stock
on February 23, 2024 was $52.59.  As additional reference, the closing price of Olin’s stock on January 25, 2024,
which preceded the earnings release after market close, was $51.75.  The closing stock price on January 26, 2024
was $55.15, 6.6% above the closing price prior to the earnings release.
(2)Mr. Lane’s stock options were granted in connection with his hiring as our President and CEO effective March 18,
2024, and as a result, he did not receive a stock option grant with our other NEOs on February 22, 2024.  Mr. Lane’s
March 18, 2024 stock option grant did not fall within a period beginning four business days before or one business
day after the filing of a periodic report on Form 10-Q or Form 10-K or the filing or furnishing of a report on Form 8-K
that disclosed material nonpublic information.
(3)Mr. Sutton did not receive a stock option grant in 2024 as a result of his previously announced departure from the
company.
 
Award Timing Method As discussed in the CD&A above, our Compensation Committee typically approves any stock option awards at its
first committee meeting each year.  In addition, our Compensation Committee’s long-standing practice is to ensure that all
stock option awards have a grant effective date at least 10 business days after the release of year-end earnings.  Our
plans and policies do not permit “back dating” of options and all stock option awards must have an exercise price at least
equal to our stock’s fair market value (defined by our LTIP as the average of the high-low price on such date) as of the
grant effective date.
 
Award Timing Predetermined true  
Award Timing MNPI Considered true  
Award Timing, How MNPI Considered The Compensation Committee followed its customary stock option grant practices when approving these stock
option awards, which coincided with the filing of our Form 10-K Annual Report.  As a result, below is specific required
information regarding these awards.  We do not have a program, plan or practice of timing equity award grants in
conjunction with the release of material nonpublic information (or vice versa)
 
MNPI Disclosure Timed for Compensation Value false  
Awards Close in Time to MNPI Disclosures, Table
NEO
Grant Date
Number of
Securities
Underlying
the Award
Exercise
Price of the
Award
Grant Date
Fair Value of
the Award
Percentage Change in the
Closing Market Price of the
Securities Underlying the
Award between the Trading
Day ending Immediately Prior
to the Disclosure of Material
Nonpublic Information and
the Trading Day beginning
immediately following the
Disclosure of Material
Nonpublic Information (1)
Kenneth T. Lane (2)
$
$
%
Todd A. Slater
2/22/2024
34,754
$52.29
$840,004
1.4%
Brett A. Flaugher
2/22/2024
24,825
$52.29
$600,020
1.4%
Dana C. O'Brien
2/22/2024
22,756
$52.29
$550,013
1.4%
Florian J. Kohl
2/22/2024
12,413
$52.29
$300,022
1.4%
Scott M. Sutton (3)
$
$
%
Patrick M. Schumacher
2/22/2024
24,825
$52.29
$600,020
1.4%
Damian Gumpel
2/22/2024
22,756
$52.29
$550,013
1.4%
(1)The closing price of our common stock on February 21, 2024 was $51.86 and the closing price of our common stock
on February 23, 2024 was $52.59.  As additional reference, the closing price of Olin’s stock on January 25, 2024,
which preceded the earnings release after market close, was $51.75.  The closing stock price on January 26, 2024
was $55.15, 6.6% above the closing price prior to the earnings release.
(2)Mr. Lane’s stock options were granted in connection with his hiring as our President and CEO effective March 18,
2024, and as a result, he did not receive a stock option grant with our other NEOs on February 22, 2024.  Mr. Lane’s
March 18, 2024 stock option grant did not fall within a period beginning four business days before or one business
day after the filing of a periodic report on Form 10-Q or Form 10-K or the filing or furnishing of a report on Form 8-K
that disclosed material nonpublic information.
(3)Mr. Sutton did not receive a stock option grant in 2024 as a result of his previously announced departure from the
company.
 
Kenneth T. Lane [Member] | Employee Stock Option    
Awards Close in Time to MNPI Disclosures    
Name Kenneth T. Lane (2)  
Underlying Securities | shares 0  
Exercise Price | $ / shares $ 0  
Fair Value as of Grant Date | $ $ 0  
Underlying Security Market Price Change | Rate 0.00%  
Todd A. Slater [Member] | Employee Stock Option    
Awards Close in Time to MNPI Disclosures    
Name   Todd A. Slater
Underlying Securities | shares   34,754
Exercise Price | $ / shares   $ 52.29
Fair Value as of Grant Date | $   $ 840,004
Underlying Security Market Price Change | Rate   1.40%
Brett A. Flaugher [Member] | Employee Stock Option    
Awards Close in Time to MNPI Disclosures    
Name   Brett A. Flaugher
Underlying Securities | shares   24,825
Exercise Price | $ / shares   $ 52.29
Fair Value as of Grant Date | $   $ 600,020
Underlying Security Market Price Change | Rate   1.40%
Dana C. O'Brien [Member] | Employee Stock Option    
Awards Close in Time to MNPI Disclosures    
Name   Dana C. O'Brien
Underlying Securities | shares   22,756
Exercise Price | $ / shares   $ 52.29
Fair Value as of Grant Date | $   $ 550,013
Underlying Security Market Price Change | Rate   1.40%
Florian J. Kohl [Member] | Employee Stock Option    
Awards Close in Time to MNPI Disclosures    
Name   Florian J. Kohl
Underlying Securities | shares   12,413
Exercise Price | $ / shares   $ 52.29
Fair Value as of Grant Date | $   $ 300,022
Underlying Security Market Price Change | Rate   1.40%
Scott M. Sutton [Member] | Employee Stock Option    
Awards Close in Time to MNPI Disclosures    
Name Scott M. Sutton (3)  
Underlying Securities | shares 0  
Exercise Price | $ / shares $ 0  
Fair Value as of Grant Date | $ $ 0  
Underlying Security Market Price Change | Rate 0.00%  
Patrick M. Schumacher [Member] | Employee Stock Option    
Awards Close in Time to MNPI Disclosures    
Name   Patrick M. Schumacher
Underlying Securities | shares   24,825
Exercise Price | $ / shares   $ 52.29
Fair Value as of Grant Date | $   $ 600,020
Underlying Security Market Price Change | Rate   1.40%
Damian Gumpel [Member] | Employee Stock Option    
Awards Close in Time to MNPI Disclosures    
Name   Damian Gumpel
Underlying Securities | shares   22,756
Exercise Price | $ / shares   $ 52.29
Fair Value as of Grant Date | $   $ 550,013
Underlying Security Market Price Change | Rate   1.40%