Brad A. Lich - Mar 1, 2022 Form 4 Insider Report for EASTMAN CHEMICAL CO (EMN)

Role
EVP & CCO
Signature
Clark L. Jordan, by Power of Attorney
Stock symbol
EMN
Transactions as of
Mar 1, 2022
Transactions value $
-$268,852
Form type
4
Date filed
3/3/2022, 11:12 AM
Previous filing
Mar 1, 2022
Next filing
Jun 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EMN Common Stock Options Exercise +5.96K +18.47% 38.2K Mar 1, 2022 Direct F1
transaction EMN Common Stock Tax liability -$269K -2.35K -6.13% $114.60 35.9K Mar 1, 2022 Direct F2
holding EMN Common Stock 1.07K Mar 1, 2022 By ESOP F3
holding EMN Commnon Stock 2.22K Mar 1, 2022 By 401(k) Plan F4

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 Restricted Stock Units Options Exercise -5.96K -33.33% 11.9K Mar 1, 2022 Common Stock 5.96K Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Payout of shares underlying restricted stock units upon satisfaction of time condition of vesting.
F2 Shares of common stock withheld in satisfaction of tax liability upon vesting of the 5,961 restricted stock units.
F3 Reflects ESOP allocations that have occurred since February 23, 2022
F4 Includes 2 shares acquired since February 23, 2022 resulting from automatic reinvestment of dividends.
F5 Remaining two-thirds of the underlying shares that vest on March 1, 2024 subject to Mr. Lich's continued employment and his satisfactory performance, as determined in the sole discretion of the Compensation and Management Development Committee of the Board of Directors, in leadership of specified areas of corporate and business performance and senior managment leadership development and succession planning.