Key facts
- This page summarizes William M. Brown's Form 4 filing for Celanese Corp (CE).
- 3 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 27 Apr 2022, 16:05.
Key filing fact
Ownership activity is grounded in SEC Form 4 disclosures.
Shares, units, or other non-derivative securities reported in this filing.
Disposed to Issuer
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
Award
Award
Additional SEC filing notes
Footnote F1
Upon vesting of 975 Restricted Stock Units granted to the reporting person on April 27, 2021, the reporting person deferred the receipt of 975 shares of Common Stock and received instead 975 shares of phantom stock pursuant to the Company's 2008 Deferred Compensation Plan (the "Plan"). As a result, the reporting person is reporting the disposition of 975 shares of Common Stock in exchange for an equal number of shares of phantom stock.
Footnote F2
Each share of phantom stock represents the right to receive the cash value of one share of Common Stock.
Footnote F3
The reported phantom stock represents the reporting person's quarterly cash retainer for service as a director which has been deferred under the Plan.
Footnote F4
As provided in the Plan, the reporting person may transfer a portion of the phantom stock account into an alternative investment account at any time, and on the earlier of the date previously elected by the reporting person to receive a payment or the termination of the reporting person's service as a director of the Company, the shares of phantom stock become payable in either cash or shares of Common Stock.
Footnote F5
Each share of phantom stock represents the right to receive one share of Common Stock.
Footnote F6
As provided in the Plan, the reported phantom stock becomes payable in shares of Common Stock upon termination of the reporting person's service as a director of the Company subject to certain restrictions and limitations.