Celanese (CE) CFO receives new RSU and stock option grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Celanese Corp reported that its SVP & CFO, Chuck Kyrish, received an equity compensation grant. He acquired 15,678 time-based restricted stock units, each convertible into one share of common stock under the company’s Amended and Restated 2018 Global Incentive Plan.
Kyrish was also granted 21,884 time-based nonqualified stock options under the same plan. The RSUs vest in portions of 33%, 33%, and 34% on February 15 of 2027, 2028, and 2029, while the options vest in three annual installments of 33%, 33%, and 34% beginning February 15, 2027, all subject to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kyrish Chuck
Role
SVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Nonqualified Stock Option (right to buy) | 21,884 | $0.00 | -- |
| Grant/Award | Common Stock | 15,678 | $0.00 | -- |
Holdings After Transaction:
Nonqualified Stock Option (right to buy) — 21,884 shares (Direct);
Common Stock — 26,814.476 shares (Direct)
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 did Celanese (CE) SVP & CFO Chuck Kyrish report in this Form 4?
Chuck Kyrish reported receiving equity awards from Celanese as compensation. He acquired 15,678 restricted stock units and 21,884 nonqualified stock options granted under the company’s Amended and Restated 2018 Global Incentive Plan, with vesting spread over several years, subject to continued employment.
How many restricted stock units did Celanese (CE) grant to its CFO?
Celanese granted 15,678 time-based restricted stock units to its SVP & CFO. Each RSU represents the right to receive one share of common stock, vesting 33% in 2027, 33% in 2028, and 34% in 2029, contingent on the executive’s continued employment with the company.
What stock options were granted to the Celanese (CE) CFO in this filing?
The CFO received 21,884 time-based nonqualified stock options under Celanese’s 2018 Global Incentive Plan. These options vest and become exercisable in three annual installments of 33%, 33%, and 34%, beginning on February 15, 2027, provided he remains continuously employed by the company.
When do the Celanese (CE) restricted stock units for the CFO vest?
The restricted stock units vest in three tranches over three years. Specifically, 33% vest on February 15, 2027, another 33% on February 15, 2028, and the remaining 34% on February 15, 2029, all conditioned on continued employment with Celanese.
Under what plan were the Celanese (CE) CFO’s equity awards granted?
Both the restricted stock units and nonqualified stock options were granted under Celanese’s Amended and Restated 2018 Global Incentive Plan. This plan governs equity-based compensation awards, including time-based RSUs and employee stock options, designed to align executive incentives with long-term shareholder interests.
Are the Celanese (CE) CFO’s new stock options immediately exercisable?
The new stock options are not immediately exercisable. They vest in three annual installments of 33%, 33%, and 34%, starting on February 15, 2027. Exercisability is contingent on the CFO’s continued employment with Celanese through each applicable vesting date.