Eastman Chemical (EMN) director granted 1,628 restricted shares as annual award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BUTLER ERIC L reported acquisition or exercise transactions in this Form 4 filing.
Eastman Chemical director Eric L. Butler received a grant of 1,628 shares of common stock as a restricted stock award. The shares were awarded at no cash cost per share and represent his annual Restricted Stock Award as a director. Following this grant, Butler directly holds 10,958 shares of Eastman Chemical common stock. The restrictions on these shares will lapse on May 7, 2027, subject to conditions tied to his continued service as a director.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BUTLER ERIC L
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,628 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 10,958 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock grant: 1,628 shares
Price per share: $0.0000 per share
Total holdings after grant: 10,958 shares
+1 more
4 metrics
Restricted stock grant
1,628 shares
Common stock award on May 7, 2026
Price per share
$0.0000 per share
Non-cash restricted stock award
Total holdings after grant
10,958 shares
Direct ownership following transaction
Vesting date
May 7, 2027
Restrictions lapse subject to continued service
Key Terms
Restricted shares, Restricted Stock Award, transaction code "A", continued service as a director
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.
transaction code "A" financial
"transaction_code_description": "Grant, award, or other acquisition""
continued service as a director financial
"subject to certain conditions related to continued service as a director."
FAQ
What insider transaction did Eastman Chemical (EMN) report for Eric L. Butler?
Eastman Chemical reported that director Eric L. Butler received a grant of 1,628 shares of common stock as a restricted stock award. This is a non-cash, compensation-related acquisition rather than an open-market purchase or sale.
What does the transaction code “A” mean in the Eastman Chemical (EMN) Form 4?
The transaction code “A” on this Form 4 indicates a grant, award, or other acquisition of stock. For Eric L. Butler, it reflects a compensation-related restricted stock award of 1,628 Eastman Chemical common shares.