William M. Brown - Apr 26, 2022 Form 4 Insider Report for Celanese Corp (CE)

Role: Director
Signature: /s/ Adam R. Santosuosso, Attorney-in-Fact for William M. Brown
Stock symbol: CE
Transactions as of: Apr 26, 2022
Transactions value $: $9,062
Form type: 4
Date filed: 4/27/2022, 04:05 PM
Previous filing: Mar 10, 2022
Next filing: May 5, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CE	Common Stock	Disposed to Issuer		-975	-90.45%		103	Apr 27, 2022	Direct	F1

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	CE	Phantom Stock	Award	$9.06K	+65.1	+0.67%	$139.24	9.79K	Apr 26, 2022	Common Stock	65.1		Direct	F2, F3, F4
transaction	CE	Phantom Stock	Award	$0	+975	+9.95%	$0.00	10.8K	Apr 27, 2022	Common Stock	975		Direct	F5, F6

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

Explanation of Responses:

Id	Content
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.
F2	Each share of phantom stock represents the right to receive the cash value of one share of Common Stock.
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.
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.
F5	Each share of phantom stock represents the right to receive one share of Common Stock.
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.