William M. Brown - Mar 7, 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
Mar 7, 2023
Transactions value $
$190,772
Form type
4
Date filed
5/16/2023, 04:31 PM
Previous filing
Feb 14, 2023
Next filing
Apr 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CE Common Stock Award $175K +1.78K +1725.24% $98.46 1.88K May 12, 2023 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 $7.85K +66.7 +0.54% $117.67 12.5K Mar 7, 2023 Common Stock 66.7 Direct F2, F3
transaction CE Phantom Stock Award $7.96K +75.7 +0.61% $105.22 12.5K May 15, 2023 Common Stock 75.7 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Annual grant of restricted stock units pursuant to the Company's Amended and Restated 2018 Global Incentive Plan. The restricted stock units vest in full on the one-year anniversary of the date of the grant. The reporting person has elected that upon vesting of the restricted stock units, receipt of the shares of Common Stock be deferred under the Company's 2008 Deferred Compensation Plan (the "Plan"); accordingly, upon vesting, the reporting person will instead receive an equal number of shares of phantom stock. As provided in the Plan, the phantom stock becomes payable in shares of Common Stock upon the earlier of the date previously elected by the reporting person to receive payment or the termination of the reporting person's service as a director of the Company.
F2 Each share of phantom stock represents the right to receive one share of Common Stock or the cash value of one share of Common Stock.
F3 The reported phantom stock represents dividend equivalents on cash compensation and restricted stock units deferred under the Plan. As provided by the Plan, the reporting person may transfer a portion of the phantom stock account into an alternative investment account at any time. The shares of phantom stock become payable in cash or shares of Common Stock, subject to certain conditions and as provided in the Plan, on the earlier of the date previously elected by the reporting person to receive payment or upon termination of the reporting person's service as a director of the Company.