Kim K.W. Rucker - Apr 27, 2022 Form 4 Insider Report for Celanese Corp (CE)

Role
Director
Signature
/s/ Adam R. Santosuosso, Attorney-in-Fact for Kim K.W. Rucker
Stock symbol
CE
Transactions as of
Apr 27, 2022
Transactions value $
$0
Form type
4
Date filed
4/27/2022, 04:08 PM
Previous filing
Apr 21, 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 -94.57% 56 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 $0 +975 +23.66% $0.00 5.1K Apr 27, 2022 Common Stock 975 Direct F2, F3
* 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 one share of Common Stock.
F3 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.