Eastman Chemical (EMN) awards options and RSUs to Controller & CAO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eastman Chemical’s Controller & CAO, Michelle Renee Stewart, reported equity awards consisting of stock options and restricted stock units. She was granted 11,075 employee stock options at an exercise price of $0.00 per option and 1,524 restricted stock units, all held as direct ownership.
According to the award terms, one-third of the options become exercisable on each of February 24, 2027, February 24, 2028, and February 24, 2029. Each restricted stock unit represents a contingent right to receive one share of Eastman Chemical common stock. The restricted stock units will vest and pay out in unrestricted shares on the third anniversary of the grant date, February 24, 2029, subject to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Stewart Michelle Renee
Role
Controller & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (right to buy) | 11,075 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 1,524 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 11,075 shares (Direct);
Restricted Stock Units — 1,524 shares (Direct)
Footnotes (1)
- One-third of the options become exercisable on February 24, 2027, February 24, 2028, and February 24, 2029, respectively. Each restricted stock unit represents a contingent right to receive one share of issuer common stock. The restricted stock units will vest and payout in unrestricted shares of Company common stock on the third anniversary of the grant date, February 24, 2029, subject to continued employment.
FAQ
What insider transaction did Eastman Chemical (EMN) report for Michelle Renee Stewart?
Eastman Chemical reported that Controller & CAO Michelle Renee Stewart received equity awards. She was granted 11,075 employee stock options and 1,524 restricted stock units, both recorded as direct ownership, as part of her compensation package on February 24, 2026.
How many stock options did Michelle Renee Stewart receive from Eastman Chemical (EMN)?
Michelle Renee Stewart received 11,075 employee stock options. These options were granted at an exercise price of $0.00 per option, with one-third becoming exercisable on each of February 24, 2027, February 24, 2028, and February 24, 2029, according to the award terms.
What are the vesting terms for Michelle Renee Stewart’s Eastman Chemical (EMN) stock options?
The 11,075 stock options granted to Michelle Renee Stewart vest in three equal installments. One-third becomes exercisable on February 24, 2027, another third on February 24, 2028, and the final third on February 24, 2029, as stated in the footnotes.
What restricted stock units did Michelle Renee Stewart receive from Eastman Chemical (EMN)?
She received 1,524 restricted stock units. Each restricted stock unit represents a contingent right to receive one share of Eastman Chemical common stock, aligning her compensation with the company’s equity performance over time, subject to vesting conditions.
When do Michelle Renee Stewart’s Eastman Chemical (EMN) restricted stock units vest?
The 1,524 restricted stock units vest and pay out in unrestricted Eastman Chemical common shares on February 24, 2029. This vesting is contingent on her continued employment through the third anniversary of the grant date, reinforcing a long-term retention incentive.
Is Michelle Renee Stewart’s Eastman Chemical (EMN) Form 4 transaction a purchase or an award?
The Form 4 for Michelle Renee Stewart reflects equity awards, not open-market purchases. The transactions are coded as grants or awards (code A), representing compensation in the form of stock options and restricted stock units rather than traditional buy or sell activity.