Elliott Todd L reported acquisition or exercise transactions in this Form 4 filing.
Celanese Corp senior vice president Todd L. Elliott reported equity awards that increase his direct holdings. On February 27, 2026, he received 17,558 nonqualified stock options and 12,579 time-based restricted stock units (RSUs) at no cash cost.
The RSUs, each representing one future share of common stock, vest with 33% on February 15, 2027, 33% on February 15, 2028, and 34% on February 15, 2029, subject to continued employment. The stock options vest on the same 33%, 33%, 34% annual schedule beginning February 15, 2027.
Duffie Ashley B reported acquisition or exercise transactions in this Form 4 filing.
Celanese Corp senior vice president and general counsel Ashley B. Duffie reported equity awards that increase her stake in the company. She received a grant of 14,561 nonqualified stock options and 10,431 shares of common stock, both awarded at a stated price of $0.00 per share.
The options are time-based employee stock options granted under the company’s Amended and Restated 2018 Global Incentive Plan and vest in three installments of 33%, 33% and 34% beginning on February 15, 2027. The common stock award consists of time-based restricted stock units, each representing one share of common stock, vesting 33% on each of February 15, 2027 and February 15, 2028, and 34% on February 15, 2029, all subject to continued employment.
Celanese Corporation files its Form 10-K describing a diversified global chemicals and engineered materials business with 51 production sites, 20 affiliate facilities and 11,434 employees as of December 31, 2025. The company operates through two main segments: Engineered Materials and the Acetyl Chain.
Engineered Materials supplies high‑performance polymers for automotive, medical, electronics and industrial uses, while the Acetyl Chain provides key intermediates like acetic acid, VAM, emulsions and EVA used in coatings, adhesives, packaging and construction. Strategic affiliates generated $1.9 billion of sales in 2025, contributing $78 million of equity earnings and $95 million of dividends.
Management reports a strong safety record, with a 2025 Total Recordable Incident Rate of 0.10 and Lost Time Incident Rate of 0.03. The filing highlights climate and sustainability initiatives, including carbon capture methanol, renewable energy projects and low‑carbon product lines, alongside an announced Scope 1 and 2 emissions reduction target disclosed in the 2024‑2025 Sustainability Report.
Financially, Celanese recorded a noncash goodwill impairment of $1.1 billion and $346 million of trade name impairments in Engineered Materials, and expects about $140 million of charges through 2027 from closing its Lanaken, Belgium facility. As part of deleveraging, the quarterly dividend was reduced by roughly 95% beginning in early 2025.
Celanese Corp CEO & President Scott A. Richardson reported equity compensation activity in the form of performance-based restricted stock units. On February 15, 2026, he acquired 3,336 shares of common stock at $0.00 per share upon the vesting and settlement of PRSUs originally granted on February 8, 2023.
To cover related tax obligations, 989 shares of common stock were disposed of at $59.12 per share through a tax-withholding transaction rather than an open-market sale. Following these transactions, his direct holdings increased to 72,795.703 common shares, with an additional 596.1055 shares held indirectly through a 401(k) plan.
Celanese Corp senior vice president Mark Christopher Murray reported equity compensation activity involving company common stock. On February 15, 2026, he acquired 1,205 shares at no cost through the vesting and settlement of performance-based restricted stock units originally granted on February 8, 2023.
On the same date, 357 shares were disposed of at a price of $59.12 per share to cover taxes owed on the PRSU vesting. After these transactions, he directly held 17,848 common shares of Celanese.
Celanese Corp Chief Accounting Officer Aaron M. McGilvray reported routine equity award activity in company common stock. On February 15, 2026, he acquired 173 shares at $0.00 per share from the vesting and settlement of performance-based restricted stock units granted in 2023. On the same date, 188 shares at $59.12 per share were withheld to cover taxes on these PRSUs and previously reported time-based restricted stock units, reflecting a tax-withholding disposition rather than an open-market sale. After these transactions, he directly owned 10,304.378 common shares and indirectly held 824.5446 shares through a 401(k) plan.
Celanese Corp SVP & CFO Chuck Kyrish reported routine equity compensation activity involving performance-based restricted stock units (PRSUs). He acquired 401 shares of common stock upon PRSU vesting and settlement, then disposed of 179 shares that were withheld to cover taxes, leaving 11,136.476 shares held directly.
Celanese Corp SVP & GC Ashley B. Duffie reported equity award activity involving company common stock. On February 15, 2026, Duffie acquired 618 shares at $0.00 per share through the vesting and settlement of previously granted performance-based restricted stock units under the company’s incentive plan. To cover taxes on this vesting, 183 shares were disposed of at $59.12 per share through share withholding, rather than an open-market sale. After these transactions, Duffie directly held 20,894 common shares and indirectly held 633.396 shares through a 401(k) plan.
Celanese Corporation reported solid 2025 cash-generation despite a weak demand backdrop. The company delivered full-year 2025 adjusted earnings per share of $3.98 and operating EBITDA of $1.9 billion. Free cash flow reached $773 million, more than 50 percent higher than 2024, driven by cost reductions, working capital releases and disciplined spending.
Engineered Materials produced 2025 adjusted EBIT of $720 million and operating EBITDA of $1.2 billion at margins of 13 percent and 22 percent. The Acetyl Chain generated adjusted EBIT of $695 million and operating EBITDA of $947 million, also at 16–22 percent margins. Fourth-quarter 2025 adjusted EPS was $0.67, with free cash flow of $160 million.
Celanese refinanced about $4 billion of debt, cutting 2026–2027 maturities from $4.8 billion to $2.1 billion, and closed the Micromax® divestiture for $492 million in cash. For 2026, the company targets free cash flow of $650–$750 million, $50–$70 million of additional cost savings, and first‑quarter adjusted EPS of $0.70–$0.85, while continuing to prioritize deleveraging.
Celanese Corporation reported a challenging 2025 with a large GAAP loss but solid cash generation. Full-year 2025 U.S. GAAP diluted loss per share was $10.44, while adjusted earnings per share were $3.98. Net sales were $9.5 billion, down 7% from the prior year, driven by lower prices and volumes in key end markets.
The company posted a 2025 operating loss of $786 million, but adjusted EBIT reached $1.15 billion and operating EBITDA was $1.89 billion. Free cash flow was $773 million, helped by cost reductions, lower capital spending, and inventory reductions. A $1.1 billion goodwill impairment in Engineered Materials was a major factor behind the GAAP loss.
In the fourth quarter, Celanese delivered U.S. GAAP diluted earnings per share of $0.23 and adjusted earnings per share of $0.67 on net sales of $2.2 billion, a sequential 9% decline as volumes softened. Management expects first-quarter 2026 adjusted earnings per share of $0.70 to $0.85 and targets 2026 free cash flow of $650 million to $750 million while continuing deleveraging and cost-saving initiatives.