BRIAN TRAVIS SMITH - 15 Feb 2023 Form 4 Insider Report for EASTMAN CHEMICAL CO (EMN)

Role: SVP, Add & Funct Prod
Signature: /s/ Mark D. Austin, by Power of Attorney for Brian Travis Smith
Issuer symbol: EMN
Transactions as of: 15 Feb 2023
Net transactions value: -$95,861
Form type: 4
Filing time: 17 Feb 2023, 15:13:31 UTC
Previous filing: 18 Oct 2022
Next filing: 28 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EMN	Common Stock	Award	$0	+3,597	+317%	$0.000000	4,732	15 Feb 2023	Direct	F1
transaction	EMN	Common Stock	Tax liability	$95,861	-1,076	-23%	$89.09	3,656	15 Feb 2023	Direct	F2
holding	EMN	Common Stock						0	15 Feb 2023	By 401(k) Plan	F3

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
holding	EMN	Phantom Stock Units						7	15 Feb 2023	Common Stock	7		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Payout under performance shares awarded at beginning of three-year (2020-2022) performance period.
F2	Shares of common stock withheld in payment of tax liability incident to payout under performance shares.
F3	These shares were incorrectly reported on the reporting person's original Form 3 and Form 4 filed on October 17, 2022 after the original Form 3 was filed. Mr. Smith holds 0 shares in his 401(k) Plan.
F4	Phantom Stock Units credited under the Executive Deferred Compensation Plan, each having a value equal to one share of issuer common stock and payable only in cash and subject to certain acceleration and early withdrawal provisions, after termination of employement. These shares were incorrectly counted as shares in reporting person's 401(k) Plan with original Form 3 Filing.