Executive at Eastman Chemical (EMN) receives stock options and RSU grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eastman Chemical Company executive Brian Travis Smith received new equity awards. On February 24, 2026, he was granted 53,157 employee stock options with an exercise price of $0.0000 per option. One-third of these options become exercisable on February 24, 2027, February 24, 2028, and February 24, 2029, respectively.
He was also granted 7,313 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Eastman Chemical common stock, and these units will vest and pay out in unrestricted shares on the third anniversary of the grant date, February 24, 2029, subject to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
SMITH BRIAN TRAVIS
Role
EVP, AFP, Mfg., WWEC & HSE
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (right to buy) | 53,157 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 7,313 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 53,157 shares (Direct);
Restricted Stock Units — 7,313 shares (Direct)
Footnotes (1)
- One-third of the options become exercisable on February 24, 2027, February 24, 2028, and February 24, 2029, respectively. Each restricted stock unit represents a contingent right to receive one share of issuer common stock. The restricted stock units will vest and payout in unrestricted shares of Company common stock on the third anniversary of the grant date, February 24, 2029, subject to continued employment.
FAQ
What did Eastman Chemical (EMN) executive Brian Travis Smith receive in this Form 4?
Brian Travis Smith received equity-based compensation from Eastman Chemical. He was granted 53,157 employee stock options and 7,313 restricted stock units, both dated February 24, 2026, as part of his executive compensation package, with future vesting conditions attached.
How many stock options were granted to the Eastman Chemical (EMN) executive?
Brian Travis Smith received 53,157 employee stock options. These options carry an exercise right that becomes available over time. One-third of the options become exercisable in each of three years: 2027, 2028, and 2029, according to the vesting schedule disclosed.
What are the vesting terms for the Eastman Chemical (EMN) stock options?
The 53,157 stock options vest in three equal installments. One-third becomes exercisable on February 24, 2027, another third on February 24, 2028, and the final third on February 24, 2029, aligning the award with multi-year executive retention incentives.
How many restricted stock units did Eastman Chemical (EMN) grant to the executive?
Eastman Chemical granted 7,313 restricted stock units to Brian Travis Smith. Each unit represents a contingent right to one common share, providing future share-based compensation rather than immediate stock ownership or cash, subject to the vesting conditions described.
When do the Eastman Chemical (EMN) restricted stock units vest and pay out?
The 7,313 restricted stock units vest and pay out on the third anniversary of the grant date. On February 24, 2029, they convert into unrestricted shares of Eastman Chemical common stock, provided the executive remains employed through that date.
Does the Eastman Chemical (EMN) Form 4 reflect a stock purchase or sale?
The Form 4 reflects grants of equity awards, not open-market buying or selling. The transactions are coded as acquisitions of derivative securities (stock options and restricted stock units) awarded to the executive as compensation, at a reported price of $0.0000 per unit.