Kim Ann Mink - 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 1, 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 +18.3% $105.67 6.73K 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 7 units credited since April 1, 2022 as hypothetical reinvestment of dividend equivalents.