Eastman Chemical (NYSE: EMN) director receives 1,628-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eastman Chemical Company director Linnie M. Haynesworth received an annual equity grant in the form of restricted common shares. On May 7, 2026, she acquired 1,628 shares at no cash price as a grant or award, increasing her direct holdings to 3,135 shares. These are restricted shares, with restrictions scheduled to lapse on May 7, 2027, subject to conditions related to her continued service as a director. The share amount represents her annual Restricted Stock Award, reflecting routine director compensation rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Haynesworth Linnie M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,628 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 3,135 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted shares granted: 1,628 shares
Grant price: $0.0000 per share
Shares after transaction: 3,135 shares
+1 more
4 metrics
Restricted shares granted
1,628 shares
Common Stock grant on May 7, 2026
Grant price
$0.0000 per share
Equity award, no cash consideration
Shares after transaction
3,135 shares
Total direct holdings following grant
Vesting date
May 7, 2027
Restrictions on restricted stock lapse, subject to conditions
Key Terms
Restricted shares, Restricted Stock Award, continued service as a director, Grant, award, or other acquisition
4 terms
Restricted Stock Award financial
"The share amounts represent the director's annual Restricted Stock Award."
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
continued service as a director financial
"subject to certain conditions related to continued service as a director."
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did Eastman Chemical (EMN) report for Linnie M. Haynesworth?
Eastman Chemical reported that director Linnie M. Haynesworth received a grant of 1,628 shares of common stock on May 7, 2026. The shares were awarded at no cash price as part of her annual Restricted Stock Award for board service.
What is the nature of the equity compensation granted to Eastman Chemical (EMN) director Haynesworth?
The filing describes the award as restricted shares representing the director’s annual Restricted Stock Award. These shares are subject to forfeiture conditions, with restrictions lapsing on May 7, 2027, contingent on her continued service on Eastman Chemical’s board.