Celanese director awarded small phantom stock grant
GALANTE EDWARD G reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
GALANTE EDWARD G reported acquisition or exercise transactions in this Form 4 filing.
Celanese Corp director Edward G. Galante received a small grant of 4.028 phantom stock units on Celanese common stock. These units were credited as dividend equivalents on compensation he deferred under the company’s 2008 Deferred Compensation Plan and are settled in common shares under that plan’s terms.
Following this award, Galante holds a total of 6,806.793 phantom stock units tied to Celanese common stock. This filing reflects a routine, compensation-related accrual rather than an open-market purchase or sale of shares.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 4.028 | $50.67 | $204.10 |
Footnotes (2)
- F1. Each share of phantom stock represents the right to receive one share of Common Stock.
- F2. 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.
FAQ
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What insider transaction did Celanese (CE) director Edward Galante report?
Is Edward Galante’s Celanese Form 4 transaction a stock purchase or sale?
How many phantom stock units does Edward Galante hold after this Celanese Form 4?
What does phantom stock mean in the Celanese (CE) insider filing?
Why did Edward Galante receive 4.028 phantom stock units from Celanese?
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