Eastman Chemical SVP stock vesting, tax withholding
Eastman Chemical Company senior vice president and chief human resources officer Adrian James Holt reported routine equity compensation activity involving restricted stock units.
Rhea-AI Filing Summary
Eastman Chemical Company senior vice president and chief human resources officer Adrian James Holt reported routine equity compensation activity involving restricted stock units. On June 1, 2026, 4,341 restricted stock units granted on June 1, 2023 vested and were settled into an equal number of common shares. To cover tax obligations on this vesting, 1,058 common shares were withheld rather than sold in the open market. After these transactions, Holt directly holds 3,283 shares of Eastman Chemical common stock, and the vested restricted stock unit award has been fully converted into shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,341 shares exercised/converted
Exercise
3 txns
Insider
Holt Adrian James
Role
SVP, Chf HR Ofcr
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 4,341 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 4,341 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,058 | $75.49 | $80K |
Holdings After Transaction:
Restricted Stock Units — 0 contracts (Direct);
Common Stock — 3,283 shares (Direct)
Footnotes (2)
- F1. Payout of shares for restricted stock units that were granted on June 1, 2023 and vested on June 1, 2026.
- F2. Shares of common stock withheld in satisfaction of tax liability upon vesting of the 4,341 restricted stock units.
Key Figures
RSUs vested and exercised: 4,341 units/shares
Shares withheld for taxes: 1,058 shares
Shares held after transaction: 3,283 shares
+2 more
5 metrics
RSUs vested and exercised
4,341 units/shares
Restricted stock units granted June 1, 2023 and vested June 1, 2026
Shares withheld for taxes
1,058 shares
Common stock withheld to satisfy tax liability on RSU vesting
Shares held after transaction
3,283 shares
Eastman Chemical common stock directly held by Holt after transactions
Exercise/settlement price
$0.00 per share
Restricted stock units converted to common stock at no cash exercise price
Tax withholding reference price
$75.49 per share
Price per share used for tax-withholding disposition of 1,058 shares
Key Terms
Restricted Stock Units, tax liability, Grant, award, or other acquisition, Exercise or conversion of derivative security, +1 more
5 terms
Restricted Stock Units financial
"Payout of shares for restricted stock units that were granted on June 1, 2023 and vested on June 1, 2026."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax liability financial
"Shares of common stock withheld in satisfaction of tax liability upon vesting of the 4,341 restricted stock units."
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description: Payment of exercise price or tax liability by delivering securities"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Eastman Chemical (EMN) executive Adrian Holt report in this Form 4?
Adrian Holt reported vesting of 4,341 restricted stock units and related share movements. The units converted into common stock, with 1,058 shares withheld for taxes, leaving him with 3,283 directly held Eastman Chemical shares after the transactions.
Were Adrian Holt’s Eastman Chemical (EMN) transactions open-market buys or sells?
The transactions were not open-market trades. They reflect routine equity compensation: restricted stock units vesting into 4,341 common shares and 1,058 shares withheld to satisfy tax liabilities, rather than being sold on the open market to third-party investors.
What do the 4,341 restricted stock units mean for Adrian Holt at Eastman Chemical (EMN)?
The 4,341 restricted stock units were part of Holt’s equity compensation, granted June 1, 2023 and vesting June 1, 2026. Upon vesting, they converted one-for-one into common shares, increasing his ownership before accounting for shares withheld to satisfy tax liabilities.
Did Adrian Holt exercise any derivative securities at Eastman Chemical (EMN)?
Yes. The filing shows an exercise of 4,341 restricted stock units, a type of derivative security, into 4,341 shares of common stock. After this exercise, the derivative position tied to that restricted stock unit grant was fully settled, with no remaining units from this award.
AI-generated analysis. How Rhea-AI works. Not financial advice.
