James J. /. Obrien - May 5, 2022 Form 4 Insider Report for EASTMAN CHEMICAL CO (EMN)

Role
Director
Signature
Mark D. Austin, by Power of Attorney
Stock symbol
EMN
Transactions as of
May 5, 2022
Transactions value $
$110,002
Form type
4
Date filed
5/9/2022, 04:35 PM
Previous filing
Apr 5, 2022
Next filing
Jul 5, 2022

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 $110K +1.04K +9.07% $105.67 12.5K May 5, 2022 Common Stock 1.04K $0.00 Direct F1, F2, F3
* 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 4, 2023 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.
F3 Includes 15 units credited since April 1, 2022 as hypothetical reinvestment of dividend equivalents.