VP of Masco Corporation just cashed-in 67,009 options

John P Lindow, VP of Masco Corporation, recently cashed-in 67,009 options. The options were exercised at prices ranging between $19.66 and $33.75, while the disposals took place at $65.00 per share, on October 28, 2021. Lindow continues to hold 29,588 shares of the company. Lindow operates out of Livonia, MI. Some additional info was provided as follows:


The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.74 to $65.30, inclusive. The reporting person undertakes to provide to Masco Corporation, any security holder of Masco Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price wi thin the ranges set forth in this footnote (1) to this Form 4.
This option became exercisable in five equal annual installments commencing February 10, 2017.
Grant of option under the Masco Corporation 2014 Long Term Stock Incentive Plan in transactions exempt under Rule 16b-3.
This option, representing a right to purchase a total of 16,900 shares, is exercisable in five equal annual installments of 3,380 shares commencing February 10, 2018.
In connection with the spin-off of TopBuild Corp. by Masco Corporation ("Masco") on June 30, 2015, outstanding stock options granted under the Masco 2014 Long Term Stock Incentive Plan by Masco to all plan participants, including to the reporting person, were adjusted on a value neutral basis to preserve the options' pre-spin intrinsic value.
This option became exercisable in five equal annual installments commencing February 11, 2016.
This option became exercisable in five equal annual installments commencing February 12, 2015.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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