Celanese director granted 3.5 phantom stock units
Kissire Deborah J. reported acquisition or exercise transactions in this Form 4 filing.
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
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 3.505 | $50.67 | $177.60 |
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) report for Deborah J. Kissire?
What is the size of Deborah J. Kissire’s new phantom stock grant at Celanese (CE)?
How many phantom stock units does Deborah J. Kissire now hold in Celanese (CE)?
Is the Celanese (CE) Form 4 for Deborah J. Kissire a stock purchase or sale?
What are phantom stock units in the context of Celanese (CE)?
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