Eastman Chemical (NYSE: EMN) EVP has 3,086 shares withheld for tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eastman Chemical Company executive reports tax-related share withholding. EVP, AFP, Mfg., WWEC & HSE Brian Travis Smith had 3,086 shares of common stock withheld at $80.26 per share on a tax-withholding disposition related to performance shares for the 2023–2025 performance period, leaving him with 24,235 directly owned shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SMITH BRIAN TRAVIS
Role
EVP, AFP, Mfg., WWEC & HSE
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 3,086 | $80.26 | $248K |
Holdings After Transaction:
Common Stock — 24,235 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Eastman Chemical (EMN) report for Brian Travis Smith?
Eastman Chemical reported that EVP Brian Travis Smith had 3,086 shares of common stock withheld to cover tax obligations. The withholding was tied to the payout of performance shares for the 2023–2025 performance period and was not an open-market sale.
Was the Eastman Chemical (EMN) Form 4 transaction an open-market sale?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld by the company to satisfy tax obligations from the payout of performance shares for the 2023–2025 performance period, a common administrative transaction for equity awards.
What is the nature of the Eastman Chemical (EMN) Form 4 transaction code F?
Transaction code F on this Form 4 indicates payment of tax liability by delivering or withholding securities. For Eastman Chemical, 3,086 shares were withheld from EVP Brian Travis Smith’s equity payout to cover taxes on performance shares for the 2023–2025 period.