William M. Brown - Aug 14, 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: Aug 14, 2023
Transactions value $: $8,842
Form type: 4
Date filed: 8/15/2023, 04:35 PM
Previous filing: Jul 21, 2023
Next filing: Oct 20, 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	$8.84K	+71.1	+0.56%	$124.30	12.7K	Aug 14, 2023	Common Stock	71.1		Direct	F1, F2

* 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 one share of Common Stock or the cash value of one share of Common Stock.
F2	The reported phantom stock represents dividend equivalents on cash compensation and restricted stock units deferred under the Company's 2008 Deferred Compensation Plan (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.

Content

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.

The reported phantom stock represents dividend equivalents on cash compensation and restricted stock units deferred under the Company's 2008 Deferred Compensation Plan (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.