Edward L. Doheny II - May 4, 2023 Form 4 Insider Report for EASTMAN CHEMICAL CO (EMN)

Role
Director
Signature
/s/ Mark D. Austin, by Power of Attorney for Edward L. Doheny II
Stock symbol
EMN
Transactions as of
May 4, 2023
Transactions value $
$110,061
Form type
4
Date filed
5/8/2023, 04:15 PM
Previous filing
Apr 12, 2023
Next filing
Sep 11, 2023

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 +1.4K +12.53% $78.84 12.5K May 4, 2023 Common Stock 1.4K $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 on May 4, 2024, and are payable only in cash.
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 8 units credited since April 10, 2023 as hypothetical reinvestment of dividend equivalents.