Celanese (CE) director converts 1,808 phantom stock units into common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Celanese Corporation director Kathryn Hill reported a routine equity compensation transaction. On January 1, 2026, she converted 1,808.351 shares of phantom stock into 1,808.351 shares of Celanese common stock at a price of $0 per share under the company’s 2008 Deferred Compensation Plan.
After this conversion, she directly held 16,808.48 shares of common stock and 1,140.519 phantom stock units. Each phantom stock unit represents the right to receive one share of common stock, payable in shares as provided by the deferred compensation plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,808.351 shares exercised/converted
Mixed
2 txns
Insider
Hill Kathryn
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Phantom Stock | 1,808.351 | $0.00 | -- |
| Conversion | Common Stock | 1,808.351 | $0.00 | -- |
Holdings After Transaction:
Phantom Stock — 1,140.519 shares (Direct);
Common Stock — 16,808.48 shares (Direct)
Footnotes (1)
- Each share of phantom stock represents the right to receive one share of Common Stock. The reported phantom stock represents 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
What insider transaction did Celanese (CE) director Kathryn Hill report?
Celanese director Kathryn Hill reported converting 1,808.351 phantom stock units into 1,808.351 shares of common stock at $0 per share. This was a routine compensation-related transaction under the company’s 2008 Deferred Compensation Plan, not an open-market purchase or sale.
What is phantom stock in the context of Celanese (CE) compensation?
At Celanese, each phantom stock unit represents the right to receive one share of common stock. These units are granted as deferred compensation and become payable in actual shares of common stock under the terms of the company’s 2008 Deferred Compensation Plan.
How many phantom stock units does Kathryn Hill still hold in Celanese (CE)?
After converting some phantom stock, Kathryn Hill holds 1,140.519 phantom stock units. Each unit corresponds to one future share of Celanese common stock, deliverable according to the company’s 2008 Deferred Compensation Plan provisions.
Was there any cash involved in Kathryn Hill’s Celanese (CE) Form 4 transaction?
No cash changed hands in this transaction. The Form 4 shows a conversion of 1,808.351 phantom stock units into the same number of Celanese common shares at a reported price of $0 per share as part of deferred compensation.
Is Kathryn Hill’s Celanese (CE) Form 4 transaction an open-market trade?
The transaction is not an open-market trade. It is coded as a conversion (Code C), reflecting the settlement of deferred phantom stock into Celanese common shares under the 2008 Deferred Compensation Plan rather than a market buy or sell.