other
confidence high
sentiment neutral
materiality 0.30
Olin adopts new short-term incentive plan for Section 16 officers effective 2024
OLIN Corp
- Compensation Committee adopted Section 16 Officer Short-Term Incentive Plan on Dec 7, 2023, effective Jan 1, 2024.
- Plan offers performance-based cash awards tied to financial metrics (EPS, revenue) and non-financial goals (safety, sustainability).
- Awards paid in cash by March 15 post-year; Committee has discretion to reduce payouts but cannot increase them.
- Plan is subject to clawback policies; Committee may amend or terminate the plan at any time.