Prevost Patrick M., a director at Materion Corp, has reported a transaction involving the acquisition of 75 shares of the company's common stock. The shares were purchased at a price of $271.84 each on October 14, 2026. This acquisition is significant as it reflects the confidence of company executives in Materion's future performance.
Materion Corp, based in Mayfield Heights, Ohio, operates in the metal forging and stampings industry. The company is known for its manufacturing capabilities and commitment to quality. Recent filings indicate that Prevost has been actively involved in reporting his stock transactions, with this being the latest in a series of filings.
According to the recent SEC filing, Prevost now holds a total of 18,491.431 shares following this transaction. The filing emphasizes that the shares are held in a director's deferred compensation plan, indicating a long-term investment strategy.
This update may impact stakeholders and investors who closely monitor executive transactions as a sign of confidence in the company's direction. Materion's transparency in reporting these transactions aligns with best practices in corporate governance.
The filing does not specify what actions may follow this acquisition, leaving the future direction of Prevost's investments open to speculation.
Transaction Details
The SEC Form 4 filing indicates that the transaction was categorized under code 'A', which signifies an acquisition of shares. This transaction is part of Prevost's ongoing participation in the company's director's deferred compensation plan, a structure that allows for the deferral of income taxes on the shares until they are distributed.
Company Information
Materion Corp is classified under the Standard Industrial Classification (SIC) of Metal Forging & Stampings, specifically identified with the code 3460. The company is incorporated in Ohio and has a fiscal year that ends on December 31. The filing also notes the company's previous name, Brush Engineered Materials Inc, which was changed on January 31, 2000.
Contact Information
The business address for Materion Corp is listed as 6070 Parkland Blvd, Mayfield Heights, OH 44124, with a business phone number of 216-383-4931. This information is crucial for stakeholders who may wish to reach out for further inquiries regarding the company's operations.
Prevost's recent acquisition of shares is a clear indication of his commitment to the company's long-term growth and success.