Celanese (CE) director Bruce E. Chinn awarded 2,975 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chinn Bruce E. reported acquisition or exercise transactions in this Form 4 filing.
Celanese Corp director Bruce E. Chinn received an annual equity grant of 2,975 shares of common stock in the form of restricted stock units. These units were awarded at no cash cost to him under the Company's Amended and Restated 2018 Global Incentive Plan and vest in full on the one-year anniversary of the grant date.
After this compensation-related grant, Chinn directly holds 7,261 shares of Celanese common stock. This filing reflects routine director equity compensation rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Chinn Bruce E.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,975 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,261 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 2,975 shares
Shares after transaction: 7,261 shares
Grant price per share: $0.00 per share
+1 more
4 metrics
RSU grant size
2,975 shares
Annual restricted stock unit award to director
Shares after transaction
7,261 shares
Director's direct Celanese common stock holdings after grant
Grant price per share
$0.00 per share
Equity compensation, no cash paid for RSUs
Vesting schedule
One-year cliff vesting
RSUs vest in full on one-year anniversary of grant
Key Terms
restricted stock units, Amended and Restated 2018 Global Incentive Plan, vest in full, Grant, award, or other acquisition
4 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.
Amended and Restated 2018 Global Incentive Plan financial
"Annual grant of restricted stock units pursuant to the Company's Amended and Restated 2018 Global Incentive Plan."
vest in full financial
"The restricted stock units vest in full on the one-year anniversary of the date of grant."
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did Celanese (CE) director Bruce E. Chinn report in this Form 4?
Bruce E. Chinn reported receiving an annual grant of 2,975 restricted stock units of Celanese common stock. The grant is part of his director compensation and did not involve any open-market purchase or sale of shares.
When do Bruce E. Chinn’s Celanese (CE) restricted stock units vest?
The restricted stock units vest in full on the one-year anniversary of the grant date. Once vested, the units convert into shares of Celanese common stock, completing this component of his annual equity compensation.
What plan governs Bruce E. Chinn’s equity grant at Celanese (CE)?
The equity grant was made under Celanese’s Amended and Restated 2018 Global Incentive Plan. This plan governs stock-based compensation, including restricted stock units granted to directors and other eligible participants at the company.