Celanese Corp (CE) director Galante receives stock and phantom unit grants
Rhea-AI Filing Summary
Celanese Corp director Edward G. Galante reported two equity-based compensation awards. He received an annual grant of 1,930 shares of Common Stock as fully vested restricted stock units under the company's 2018 Global Incentive Plan, granted as compensation for prior service as Chair of the Board, bringing his direct Common Stock holdings to 27,983 shares. He also acquired 4.595 shares of phantom stock as dividend equivalents on deferred compensation under the 2008 Deferred Compensation Plan, increasing his phantom stock balance to 6,814.817 shares, payable in Common Stock following the end of his board service.
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Insider Trade Summary
Net Buyer: 1,930 shares
Net Buy
2 txns
Insider
GALANTE EDWARD G
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock F2, F3 | 4.595 | $44.46 | $204.29 |
| Grant/Award | Common Stock F1 | 1,930 | $0.00 | $0.00 |
Holdings After Transaction:
Phantom Stock — 6,814.817 shares (Direct);
Common Stock — 27,983 shares (Direct)
Footnotes (3)
- F1. Annual grant of fully vested restricted stock units pursuant to the Amended and Restated Company's 2018 Global Incentive Plan. The restricted stock units were granted to compensate the reporting person for his prior service as Chair of the Board.
- F2. Each share of phantom stock represents the right to receive one share of Common Stock.
- F3. The reported phantom stock represents dividend equivalents on compensation deferred under the Company's 2008 Deferred Compensation Plan (the "Plan"). The shares of phantom stock become payable in shares of Common Stock, as provided in the Plan, following the termination of the reporting person's service as a director of the Company.
Key Figures
Restricted stock units granted: 1,930 shares
Common Stock held after grant: 27,983 shares
Phantom stock units granted: 4.595 shares
+2 more
5 metrics
Restricted stock units granted
1,930 shares
Annual fully vested RSU grant for prior service as Chair of the Board
Common Stock held after grant
27,983 shares
Direct Common Stock holdings following the 1,930-share award
Phantom stock units granted
4.595 shares
Dividend equivalents on deferred compensation under 2008 Deferred Compensation Plan
Phantom stock balance after grant
6,814.817 shares
Total phantom stock units representing rights to Common Stock
Phantom stock reference price
$44.4600 per share
Price field associated with 4.595 phantom stock units
Key Terms
phantom stock, restricted stock units, dividend equivalents, Deferred Compensation Plan, +1 more
5 terms
phantom stock financial
"Each share of phantom stock represents the right to receive one share"
A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.
restricted stock units financial
"Annual grant of fully vested restricted stock units pursuant to the Amended"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalents financial
"The reported phantom stock represents dividend equivalents on compensation"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
Deferred Compensation Plan financial
"deferred under the Company's 2008 Deferred Compensation Plan (the "Plan")"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
Global Incentive Plan financial
"pursuant to the Amended and Restated Company's 2018 Global Incentive Plan"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Celanese Corp (CE) report for Edward G. Galante?
Edward G. Galante reported two equity awards: an annual grant of 1,930 Common Stock shares as fully vested restricted stock units and 4.595 phantom stock shares as dividend equivalents, both held directly.
What does the phantom stock reported by Celanese Corp (CE) for Edward G. Galante represent?
Each unit of phantom stock represents the right to receive one share of Common Stock. The additional 4.595 phantom shares reflect dividend equivalents on deferred compensation under the 2008 Deferred Compensation Plan.
Are Edward G. Galante’s recent Celanese Corp (CE) transactions market purchases or compensation awards?
The reported transactions are compensation awards, not market trades. They consist of fully vested restricted stock units and phantom stock dividend equivalents under Celanese incentive and deferred compensation plans.