Kim Ann Mink - 05 May 2022 Form 4 Insider Report for EASTMAN CHEMICAL CO (EMN)

Role
Director
Signature
Mark D. Austin, by Power of Attorney
Issuer symbol
EMN
Transactions as of
05 May 2022
Net transactions value
+$110,002
Form type
4
Filing time
09 May 2022, 16:35:49 UTC
Previous filing
05 Apr 2022
Next filing
01 Jul 2022
SEC
View on sec.gov

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 $110,002 +1,041 +18% $105.67 6,729 05 May 2022 Common Stock 1,041 $0.000000 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 7 units credited since April 1, 2022 as hypothetical reinvestment of dividend equivalents.