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Eastman Chemical (NYSE: EMN) director receives 408 phantom stock units as fee deferral

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

HORNBAKER RENEE J reported acquisition or exercise transactions in this Form 4 filing.

Eastman Chemical Company director Renee J. Hornbaker received an award of 408 Phantom Stock Units tied to the value of the company’s common stock. These units were credited under the Directors' Deferred Compensation Plan as an automatic deferral of a portion of her annual retainer fees.

Each Phantom Stock Unit is payable only in cash after she terminates service as a director and includes dividend equivalents reinvested into additional units. After this grant, she holds a total of 51,107 Phantom Stock Units.

Positive

  • None.

Negative

  • None.
Insider HORNBAKER RENEE J
Role Director
Type Security Shares Price Value
Grant/Award Phantom Stock Units 408 $0.00 --
Holdings After Transaction: Phantom Stock Units — 51,107 shares (Direct)
Footnotes (1)
  1. Phantom Stock Units credited under the Directors' Deferred Compensation Plan, each having a value equal to the market value of one share of issuer common stock and payable only in cash after termination of service as a director. Automatic deferral of a portion of director's annual retainer fees that would otherwise have been paid in cash. Includes dividend equivalents reinvested in additional Phantom Stock Units.
Phantom Stock Units granted 408 units Grant on 2026-04-08 as automatic deferral of retainer fees
Total Phantom Stock Units after transaction 51,107 units Holdings following the 408-unit grant
Transaction price per unit $0.0000 Book-entry grant under deferred compensation plan
Underlying security 408 common stock-equivalent units Each Phantom Stock Unit tracks one share of common stock
Phantom Stock Units financial
"Phantom Stock Units credited under the Directors' Deferred Compensation Plan, each having a value equal to the market value of one share"
Phantom stock units are company promises that pay a cash or stock-equivalent award tied to the firm’s share price or value growth, but they do not issue actual shares. Think of them as a bonus check that moves with the stock like a mirror rather than handing over an ownership slice. Investors care because these awards can affect a company’s future cash obligations, executive incentives and reported expenses without causing share dilution.
Directors' Deferred Compensation Plan financial
"Phantom Stock Units credited under the Directors' Deferred Compensation Plan, each having a value equal to the market value"
dividend equivalents financial
"Includes dividend equivalents reinvested in additional Phantom Stock Units."
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
HORNBAKER RENEE J
(Last)(First)(Middle)
200 S. WILCOX DRIVE
(Street)
KINGSPORT TENNESSEE 37660
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
EASTMAN CHEMICAL CO [ EMN ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/08/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Phantom Stock Units$0(1)04/08/2026A408(1)(2) (1) (1)Common Stock408(1)(2)$0(2)51,107(3)D
Explanation of Responses:
1. Phantom Stock Units credited under the Directors' Deferred Compensation Plan, each having a value equal to the market value of one share of issuer common stock and payable only in cash after termination of service as a director.
2. Automatic deferral of a portion of director's annual retainer fees that would otherwise have been paid in cash.
3. Includes dividend equivalents reinvested in additional Phantom Stock Units.
Remarks:
/s/ Mark D. Austin, by Power of Attorney for Renee J. Hornbaker04/10/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Eastman Chemical (EMN) director Renee J. Hornbaker report on this Form 4?

Renee J. Hornbaker reported receiving 408 Phantom Stock Units as a compensation-related award. The units were credited under Eastman Chemical’s Directors' Deferred Compensation Plan as an automatic deferral of part of her annual cash retainer fees.

How many Phantom Stock Units does Renee J. Hornbaker hold after this EMN transaction?

After this transaction, Renee J. Hornbaker holds 51,107 Phantom Stock Units. This total reflects the newly credited 408 units, prior balances in the plan, and dividend equivalents that have been reinvested into additional Phantom Stock Units over time.

Did Renee J. Hornbaker buy or sell Eastman Chemical (EMN) stock in this filing?

She did not buy or sell common stock on the market. Instead, she acquired 408 Phantom Stock Units as a grant under the Directors' Deferred Compensation Plan, representing deferred cash compensation linked to Eastman Chemical’s share price performance.

What are Phantom Stock Units in the context of Eastman Chemical (EMN)?

Phantom Stock Units are bookkeeping entries whose value equals one share of Eastman Chemical common stock. They track the stock’s market value but are payable only in cash after a director’s service ends, and they include dividend equivalents reinvested as additional units.

How was the 408-unit award to the Eastman Chemical (EMN) director determined?

The 408 Phantom Stock Units reflect an automatic deferral of a portion of the director’s annual retainer fees. Instead of receiving that part of the retainer in cash now, it is credited as Phantom Stock Units under the Directors' Deferred Compensation Plan.