[Form 4] Celanese Corporation Insider Trading Activity
Edward G. Galante, a director of Celanese Corporation (CE), reported acquisition of phantom stock units on 08/11/2025 under the company’s 2008 Deferred Compensation Plan. The Form 4 records an acquisition (A) of phantom stock representing 6,797.555 underlying common shares at a reported per-unit value of $47.42, with the ownership form marked as Direct (D).
Each phantom share is described as the right to receive one share of common stock and represents dividend equivalents deferred under the Plan; those units become payable in shares following the termination of the reporting person’s service as a director. The Form 4 is signed by an attorney-in-fact for the reporting person.
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Insights
TL;DR: Director received deferred-compensation phantom units equal to 6,797.555 shares, recorded as dividend equivalents under the company's plan.
The filing documents a non-cash compensation credit rather than an open-market trade. The reported 6,797.555 phantom units are described explicitly as dividend equivalents under the 2008 Deferred Compensation Plan and are payable in common shares upon the director's termination of service. The per-unit figure shown is $47.42, which is the reported value on the Form 4. For compensation accounting and disclosure, this transaction increases the director's deferred equity-linked entitlement but does not by itself indicate current share issuance or sale activity.
TL;DR: Routine director deferred-compensation credit disclosed; items are grant-type phantom units convertible to shares after service ends.
The Form 4 identifies Edward G. Galante as a director and reports the acquisition of phantom stock units that represent the right to receive one share each. The filing clarifies these units are dividend equivalents under the company’s 2008 plan and will be settled in shares following termination of service. This is a standard disclosure for deferred equity arrangements and conveys information about director compensation timing and potential future dilution if and when settlement occurs. The report was executed by an attorney-in-fact for the reporting person.