Celanese (CE) CAO Aaron McGilvray receives new RSU and option grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McGilvray Aaron M reported acquisition or exercise transactions in this Form 4 filing.
Celanese Corp Chief Accounting Officer Aaron M. McGilvray received new equity awards. He was granted nonqualified stock options for 2,355 shares and time-based restricted stock units covering 1,687 shares of common stock at no cost.
The RSUs vest 33% on February 15, 2027 and 2028, and 34% on February 15, 2029, if employment continues. The options vest in three annual installments of 33%, 33%, and 34% beginning February 15, 2027. He also reports indirect holdings through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
McGilvray Aaron M
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Nonqualified Stock Option (right to buy) | 2,355 | $0.00 | -- |
| Grant/Award | Common Stock | 1,687 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Nonqualified Stock Option (right to buy) — 2,355 shares (Direct);
Common Stock — 11,991.378 shares (Direct);
Common Stock — 833.834 shares (Indirect, by 401(k) Plan)
Footnotes (1)
- Time-based restricted stock units ("RSUs") granted pursuant to the Company's Amended and Restated 2018 Global Incentive Plan (the "Plan"). Each RSU represents the right to receive one share of Common Stock. The RSUs will vest, subject to continued employment, with respect to 33% of the RSUs on each of February 15, 2027 and February 15, 2028, and with respect to 34% of the RSUs on February 15, 2029. Time-based employee stock options granted under the Plan. The options vest and become exercisable, subject to continued employment, in three annual installments of 33%, 33% and 34% beginning February 15, 2027.
FAQ
What insider transactions did Celanese (CE) report for Aaron M. McGilvray?
Aaron M. McGilvray received equity awards, including nonqualified stock options for 2,355 shares and time-based restricted stock units covering 1,687 shares of Celanese common stock. These grants represent compensation awards rather than open-market purchases or sales of existing shares.
How do Aaron McGilvray’s new Celanese (CE) RSUs vest over time?
The time-based restricted stock units vest 33% on February 15, 2027, 33% on February 15, 2028, and 34% on February 15, 2029. Vesting is conditioned on continued employment with Celanese throughout the applicable vesting periods.
What are the terms of Aaron McGilvray’s new Celanese (CE) stock options?
Aaron McGilvray received time-based employee stock options under Celanese’s 2018 Global Incentive Plan. The options vest and become exercisable in three installments of 33%, 33%, and 34%, beginning on February 15, 2027, subject to his continued employment with the company.
Are Aaron McGilvray’s recent Celanese (CE) equity awards open-market buys?
No, the reported transactions are equity compensation grants, not open-market purchases. They consist of nonqualified stock options and time-based restricted stock units awarded under Celanese’s Amended and Restated 2018 Global Incentive Plan at a stated price of zero dollars per share.
What is the purpose of Celanese’s 2018 Global Incentive Plan for insiders like Aaron McGilvray?
Celanese’s Amended and Restated 2018 Global Incentive Plan provides equity-based compensation, such as RSUs and stock options, to key employees. For executives like Aaron McGilvray, these awards align long-term incentives with shareholder interests through time-based vesting and potential future share ownership.