Edward L. Doheny II - May 6, 2021 Form 4 Insider Report for EASTMAN CHEMICAL CO (EMN)

Role
Director
Signature
Brian L. Henry, by Power of Attorney
Stock symbol
EMN
Transactions as of
May 6, 2021
Transactions value $
$100,100
Form type
4
Date filed
5/10/2021, 01:27 PM
Next filing
Oct 5, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EMN Phantom Stock Units Award $100K +807 +17.19% $124.04 5.5K May 6, 2021 Common Stock 807 $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Unvested Phantom Stock Units credited under the Directors' Deferred Compensation Plan, each having a value equal to the market value of one share of issuer common stock. The Phantom Stock Units will vest if the director is still serving as a director of the issuer immediately prior to election of directors at the May 5, 2022 annual meeting of stockholders, and are payable only in cash after termination of service as a director.
F2 Deferral at election of director of value of annual non-employee director restricted stock award that would otherwise have been paid in common stock into Phantom Stock Units.