William M. Brown - Feb 13, 2023 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
Feb 13, 2023
Transactions value $
$9,062
Form type
4
Date filed
2/14/2023, 03:43 PM
Previous filing
Jan 26, 2023
Next filing
May 16, 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 CE Phantom Stock Award $9.06K +74.3 +0.67% $121.95 11.2K Feb 13, 2023 Common Stock 74.3 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of phantom stock represents the right to receive the cash value of one share of Common Stock.
F2 The reported phantom stock represents the person's quarterly cash retainer for service as a director which has been deferred under the Company's 2008 Deferred Compensation Plan (the "Plan").
F3 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.