Celanese (CE) director awarded phantom stock units from deferred compensation dividends
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kissire Deborah J. reported acquisition or exercise transactions in this Form 4 filing.
Celanese Corp director Deborah J. Kissire received an automatic award of 3.505 shares of phantom stock tied to deferred compensation dividends. Each phantom stock unit represents the right to receive one share of Celanese common stock under the company’s 2008 Deferred Compensation Plan. Following this grant, she holds a total of 5,924.793 phantom stock units directly, which will eventually be settled in common shares as provided in the plan. This filing reflects routine compensation-related accruals rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kissire Deborah J.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 3.505 | $50.67 | $177.60 |
Holdings After Transaction:
Phantom Stock — 5,924.793 shares (Direct)
Footnotes (1)
- Each share of phantom stock represents the right to receive one share of Common Stock. 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
What insider transaction did Celanese (CE) report for Deborah J. Kissire?
Celanese reported that director Deborah J. Kissire received 3.505 shares of phantom stock. The grant reflects dividend equivalents credited on deferred compensation and is settled in common stock according to the company’s 2008 Deferred Compensation Plan, not an open-market stock purchase.
What is the size of Deborah J. Kissire’s new phantom stock grant at Celanese (CE)?
Deborah J. Kissire was granted 3.505 shares of phantom stock. These units represent dividend equivalents on deferred compensation and track Celanese common stock value, ultimately payable in shares as outlined in the 2008 Deferred Compensation Plan for participating directors and executives.
How many phantom stock units does Deborah J. Kissire now hold in Celanese (CE)?
After the latest grant, Deborah J. Kissire holds 5,924.793 phantom stock units. Each phantom unit represents the right to receive one share of Celanese common stock, payable in accordance with the company’s 2008 Deferred Compensation Plan governing deferred compensation elections.
Is the Celanese (CE) Form 4 for Deborah J. Kissire a stock purchase or sale?
The Form 4 does not show a market purchase or sale. It reports an acquisition coded as a grant of 3.505 phantom stock units, representing dividend equivalents credited on deferred compensation, which will later be settled in Celanese common shares under the plan’s terms.
What are phantom stock units in the context of Celanese (CE)?
At Celanese, each phantom stock unit represents the right to receive one share of common stock. These units typically mirror the value of Celanese shares and, under the 2008 Deferred Compensation Plan, become payable in common stock at future distribution dates set by plan elections.