Eastman Chemical (EMN) director defers fees into 408 phantom stock units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Mink Kim Ann reported acquisition or exercise transactions in this Form 4 filing.

Eastman Chemical director Kim Ann Mink received a grant of 408 Phantom Stock Units on April 8, 2026. These units track the value of one share of common stock each but are payable only in cash after her service as a director ends. The grant represents an automatic deferral of a portion of her annual cash retainer fees and includes dividend equivalents reinvested in additional units. Following this award, she holds a total of 15,653 Phantom Stock Units credited under the Directors' Deferred Compensation Plan.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Mink Kim Ann

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock Units	408	$0.00	--

Holdings After Transaction: Phantom Stock Units — 15,653 shares (Direct)

Footnotes (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 the director's annual retainer fees that would otherwise have been paid in cash. Includes dividend equivalents reinvested in additional Phantom Stock Units.

Key Figures

Phantom Stock Units granted: 408 units Units after transaction: 15,653 units Transaction price: $0.0000 per unit +1 more

4 metrics

Phantom Stock Units granted 408 units Director compensation grant on April 8, 2026

Units after transaction 15,653 units Total Phantom Stock Units held following grant

Transaction price $0.0000 per unit Compensation award, not market purchase

Underlying security 408 common shares equivalent Each unit equals one share’s market value

Key Terms

Phantom Stock Units, Directors' Deferred Compensation Plan, dividend equivalents, annual retainer fees

4 terms

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.

annual retainer fees financial

"Automatic deferral of a portion of the director's annual retainer fees that would otherwise have been paid in cash."

Form 4 Insider Transactions: What Each Field Means →

04/10/2026 - 04:07 PM

SEC Form 4

FORM 4

UNITED 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^*

Mink Kim Ann

(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)

X	Director	10% 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)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock Units	$0⁽¹⁾	04/08/2026		A		408⁽¹⁾⁽²⁾		⁽¹⁾	⁽¹⁾	Common Stock	408⁽¹⁾⁽²⁾	$0⁽²⁾	15,653⁽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 the 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 Kim Ann Mink	04/10/2026
	** Signature of Reporting Person	Date
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 did EMN director Kim Ann Mink report in this Form 4?

Kim Ann Mink reported receiving 408 Phantom Stock Units tied to Eastman Chemical common stock. The units were credited under the Directors' Deferred Compensation Plan as part of her annual cash retainer deferral.

How many Phantom Stock Units does EMN director Kim Ann Mink hold after this transaction?

After this transaction, Kim Ann Mink holds a total of 15,653 Phantom Stock Units. These units reflect deferred director compensation, including reinvested dividend equivalents, and remain payable only in cash after her board service ends.

Are the Phantom Stock Units reported by EMN director payable in shares?

No, the Phantom Stock Units are payable only in cash, not in shares. Each unit’s value equals one share of Eastman Chemical common stock, but settlement occurs in cash after director service termination.

What is the price per Phantom Stock Unit in this EMN Form 4 filing?

The transaction shows a price of $0.0000 per Phantom Stock Unit because this is a compensation grant, not an open-market purchase. The units represent deferred fees, not a cash outlay by the director.

Why did EMN director Kim Ann Mink receive Phantom Stock Units instead of cash?

The filing states the units result from automatic deferral of a portion of her annual retainer fees. Instead of receiving that portion in cash, she receives Phantom Stock Units under the Directors' Deferred Compensation Plan.