Celanese director receives new stock and phantom units
Celanese Corp director Edward G. Galante received new equity-based compensation.
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Form Type
4
Rhea-AI Filing Summary
Celanese Corp director Edward G. Galante received new equity-based compensation. On May 11, 2026, he was granted 4,676 shares of Common Stock in the form of restricted stock units under the Amended and Restated 2018 Global Incentive Plan. These units vest in full on the one-year anniversary of the grant date.
He also acquired 3.429 shares of phantom stock as dividend equivalents on deferred compensation under the 2008 Deferred Compensation Plan. Each phantom stock unit represents the right to receive one share of Common Stock and becomes payable in shares after his service as a director ends. Following these awards, he directly holds 26,053 shares of Common Stock and 6,810.222 phantom stock units.
Insider Trade Summary
Grant/Award: 4,679.429 shares
Grant/Award
2 txns
Insider
GALANTE EDWARD G
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 3.429 | $59.55 | $204.20 |
| Grant/Award | Common Stock | 4,676 | $0.00 | $0.00 |
Holdings After Transaction:
Phantom Stock — 6,810.222 contracts (Direct);
Common Stock — 26,053 shares (Direct)
Footnotes (3)
- F1. Annual grant of restricted stock units pursuant to the Company's Amended and Restated 2018 Global Incentive Plan. The restricted stock units vest in full on the one-year anniversary of the date of grant.
- 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: 4,676 shares
Common Stock held after grant: 26,053 shares
Phantom stock units credited: 3.429 units
+2 more
5 metrics
Restricted stock units granted
4,676 shares
Annual grant on May 11, 2026; vests in one year
Common Stock held after grant
26,053 shares
Direct holdings after May 11, 2026 Form 4 transactions
Phantom stock units credited
3.429 units
Dividend equivalents on deferred compensation at $59.55 per unit
Phantom stock held after credit
6,810.222 units
Balance following May 11, 2026 transactions
Phantom stock price basis
$59.55 per unit
Price per phantom stock share for the 3.429-unit credit
Key Terms
restricted stock units, phantom stock, Deferred Compensation Plan, dividend equivalents, +1 more
5 terms
restricted stock units financial
"Annual grant of restricted stock units pursuant to the Company's Amended and Restated 2018 Global Incentive Plan."
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.
phantom stock financial
"Each share of phantom stock represents the right to receive one share of Common Stock."
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.
Deferred Compensation Plan financial
"dividend equivalents on compensation 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.
dividend equivalents financial
"The reported phantom stock represents dividend equivalents on compensation deferred under the Company's 2008 Deferred Compensation Plan."
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.
Global Incentive Plan financial
"pursuant to the Company's Amended and Restated 2018 Global Incentive Plan."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Celanese (CE) director Edward G. Galante report on this Form 4?
He reported equity-based compensation awards, not open-market trades. Galante received 4,676 restricted stock units and 3.429 phantom stock units on May 11, 2026, increasing his direct holdings of both Common Stock and phantom stock tied to future share delivery.
What are the key terms of Edward G. Galante’s restricted stock units from Celanese (CE)?
Galante received an annual grant of 4,676 restricted stock units under Celanese’s Amended and Restated 2018 Global Incentive Plan. According to the filing, these restricted stock units vest in full on the one-year anniversary of the May 11, 2026 grant date.
What is the phantom stock reported by Edward G. Galante in Celanese (CE)?
The filing shows 3.429 shares of phantom stock credited as dividend equivalents on deferred compensation. Each phantom stock share represents the right to receive one Celanese Common Stock share and becomes payable in stock after Galante’s service as a director terminates, under the 2008 Deferred Compensation Plan.
Was Edward G. Galante buying or selling Celanese (CE) stock in the market?
No, the Form 4 reflects compensation-related acquisitions, not market trades. The transactions use code A for grants or awards, covering restricted stock units and phantom stock credited as dividend equivalents, rather than open-market purchases or sales of Celanese Common Stock.
How many phantom stock units does Edward G. Galante hold after these Celanese (CE) transactions?
Following the 3.429 phantom stock units credited on May 11, 2026, Galante holds a total of 6,810.222 phantom stock units. Each unit represents a future right to receive one share of Celanese Common Stock, subject to the terms of the 2008 Deferred Compensation Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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