Teresa M. Vermillion, VP & Treasurer, sold 4,500 shares of Olin Corporation (NYSE:OLN) through an option exercise and immediate sale, as reported in an SEC Form 4 filing. The transaction was valued at approximately $93,850.20, with post-transaction direct ownership totaling around $353,783.43.

The insider’s direct equity stake in Olin Corp decreased by 20.74% after the sale, now holding approximately 0.015% of outstanding shares. The sale price of $20.86 per share was in line with recent market levels, with the company’s stock declining by 48.69% over the past year.

Olin Corporation, a chemicals and ammunition producer, reported revenue of $6.8 billion and net income of $53.80 million. The company operates through three segments: Chlor Alkali Products and Vinyls, Epoxy, and Winchester, serving industrial, commercial, and government clients.

Despite a challenging year for Olin Corp due to market pressures, Teresa M. Vermillion’s recent share sale was due to options exercised from 2017. The company faces headwinds in epoxy demand and ammunition sales, but a new strategic partnership with Braskem aims to drive growth in its vinyls business.

Read more at Yahoo Finance: Olin Corp. VP and Treasurer Sells 4,500 Shares for $93,850