STOCK TITAN
  1. Home
  2. Sec-filings
  3. EMN
  4. [Form 4] EASTMAN CHEMICAL CO Insider Trading Activity

Eastman Chemical (EMN) director adds 408 phantom stock units in fee deferral

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

Rhea-AI Filing Summary

Holder Julie Fasone reported acquisition or exercise transactions in this Form 4 filing.

Eastman Chemical director Julie Fasone Holder received 408 Phantom Stock Units as a compensation award. These units are credited under the Directors' Deferred Compensation Plan, with each unit valued like one share of Eastman common stock but payable only in cash after she leaves the board.

This grant arose from the automatic deferral of a portion of her annual director retainer that would otherwise have been paid in cash, and it also reflects dividend equivalents that are reinvested into additional Phantom Stock Units. Following this award, she now holds a total of 15,051 Phantom Stock Units.

Positive

  • None.

Negative

  • None.
Insider Holder Julie Fasone
Role Director
Type Security Shares Price Value
Grant/Award Phantom Stock Units 408 $0.00 --
Holdings After Transaction: Phantom Stock Units — 15,051 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 April 8, 2026 under Directors' Deferred Compensation Plan
Total Phantom Stock Units after grant 15,051 units Director’s phantom balance following the April 8, 2026 award
Transaction price per unit $0.0000 Compensation grant; no cash paid by director for units
Underlying common stock equivalent 408 shares Each Phantom Stock Unit valued like 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*
Holder Julie Fasone
(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)15,051(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 Julie Fasone Holder04/10/2026
** 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 insider transaction did Eastman Chemical (EMN) director Julie Fasone Holder report?

Julie Fasone Holder reported receiving 408 Phantom Stock Units as a grant under Eastman Chemical’s Directors' Deferred Compensation Plan. The award represents deferred director fees and is settled only in cash after her board service ends, rather than through actual share delivery.

What are Phantom Stock Units in Eastman Chemical (EMN)'s director compensation?

Phantom Stock Units are bookkeeping units whose value tracks Eastman Chemical common stock but pay out only in cash. They are credited under the Directors' Deferred Compensation Plan and allow directors to defer fees while aligning value with the company’s share performance over time.

How many Phantom Stock Units does Julie Fasone Holder hold after this EMN Form 4?

After this transaction, Julie Fasone Holder holds 15,051 Phantom Stock Units. This total includes the newly credited 408 units, prior deferred units, and additional units from dividend equivalents that are automatically reinvested into more Phantom Stock Units over time.

Was the April 8, 2026 EMN insider transaction an open-market trade?

No, the transaction was a grant classified as a derivative award, not an open-market trade. It reflects automatic deferral of a portion of the director’s annual retainer into Phantom Stock Units, with a zero exercise price and no cash paid by the director to acquire them.

How are dividend equivalents treated in EMN’s Phantom Stock Units for directors?

Dividend equivalents on the Phantom Stock Units are reinvested to credit additional units to the director’s account. This means when Eastman Chemical pays dividends on common stock, the phantom balance increases by adding more units instead of paying cash directly to the director.