William M. Brown - 12 May 2024 Form 4 Insider Report for Celanese Corp (CE)

Reporting relationship: Director
Issuer ticker: CE
Reported as of: 12 May 2024
Net transaction value: +$9,095
SEC form: 4
Accepted by SEC: 14 May 2024, 17:18:12 UTC
Prior SEC filing: 06 May 2024
Next SEC filing: 30 Jan 2025
Source filing: View source filing
Reporting owner signature: /s/ Adam R. Santosuosso, Attorney-in-Fact for William M. Brown

Key filing fact

William M. Brown filed Form 4 for Celanese Corp (CE) on 14 May 2024.

Key facts

This page summarizes William M. Brown's Form 4 filing for Celanese Corp (CE).
3 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 14 May 2024, 17:18.

Change

Previous filing in this sequence was filed on 06 May 2024.
Current net transaction value: +$9,095.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

CE transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -1,777
Change %: -95%
Price
Shares after: 103
Date: 12 May 2024
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

CE transaction Derivative

Phantom Stock

Award

Transaction value: $0
Shares: +1,777
Change %: +14%
Price: $0.000000
Shares after: 14,769
Date: 12 May 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 1,777
Exercise price
Footnotes: F2, F3

CE transaction Derivative

Phantom Stock

Award

Transaction value: $9,095
Shares: +57
Change %: +0.38%
Price: $160.24
Shares after: 14,826
Date: 13 May 2024
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 57
Exercise price
Footnotes: F4, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Upon vesting of 1,777 Restricted Stock Units granted to the reporting person on May 12, 2023, the reporting person deferred the receipt of 1,777 shares of Common Stock and received instead 1,777 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 1,777 shares of Common Stock in exchange for an equal number of shares of phantom stock.

Footnote F2

Each share of phantom stock represents the right to receive one share of Common Stock.

Footnote 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.

Footnote F4

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.

Footnote F5

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.