[Form 4] EASTMAN CHEMICAL CO Insider Trading Activity

Rhea-AI Filing Summary

Michelle H. Caveness, Senior Vice President and Chief Manufacturing Officer of Eastman Chemical Co. (EMN), reported changes in her beneficial ownership on transactions dated 10/01/2025. She received a payout of 6,715 restricted stock units (RSUs) upon completion of a three-year vesting period, recorded as an acquisition. Simultaneously, 1,636 shares were withheld to satisfy tax liabilities at a reported price of $61.96 per share. After these transactions the filing shows 6,246 shares beneficially owned. The Form 4 was signed by power of attorney on 10/02/2025.

Positive

• 6,715 RSUs vested upon satisfaction of the three-year vesting period
• Beneficial ownership updated to 6,246 shares following the vesting and withholding

Negative

• 1,636 shares withheld for taxes, reducing issued shares received from the vesting

Insights

Corporate Governance Analyst

Officer vested RSUs and satisfied tax withholding; ownership updated.

The filing documents a routine vesting event where 6,715 RSUs converted to common stock and 1,636 shares were withheld to cover taxes at $61.96 per share. This is a standard compensation settlement for a named officer and updates her direct holdings to 6,246 shares as reported.

This transaction is administrative and expected for executive equity compensation; it does not disclose any new open-market purchases or sales beyond the tax withholding.

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
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Caveness Michelle H

(Last) (First) (Middle)

200 SOUTH WILCOX DRIVE

(Street)

KINGSPORT TN 37660

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
EASTMAN CHEMICAL CO [ EMN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP & Chf. Mfg. Ofc.

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/01/2025		M		6,715	A	(1)	7,882	D
Common Stock	10/01/2025		F		1,636(2)	D	$61.96	6,246	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	10/01/2025		M			6,715	(1)	(1)	Common Stock	6,715	(1)	0	D

Explanation of Responses:

1. Payout of shares underlying restricted stock units on October 1, 2025, upon satisfaction of the applicable three-year vesting period.

2. Shares of common stock withheld in satisfaction of tax liability upon vesting of the 6,715 restricted stock units.

Remarks:

	/s/ Mark D. Austin, by Power of Attorney for Michelle H. Caveness	10/02/2025
	** 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.

FAQ

What transaction did EMN officer Michelle Caveness report on 10/01/2025?

The report shows a payout of 6,715 restricted stock units (RSUs) that vested on 10/01/2025.

How many shares were withheld for taxes in the Form 4 for EMN?

1,636 shares of common stock were withheld to satisfy tax liability upon vesting.

What was the withholding price per share reported on the Form 4 (EMN)?

The Form 4 lists a withholding price of $61.96 per share.

How many EMN shares does Michelle Caveness beneficially own after the reported transactions?

The filing reports 6,246 shares beneficially owned following the transactions.

Who signed the Form 4 for Michelle Caveness and when?

The Form 4 was signed by power of attorney by Mark D. Austin on 10/02/2025.