Eastman Chemical CFO logs tax-related share withholding
Eastman Chemical executive vice president and CFO William Thomas McLain Jr. reported a tax-related share disposition involving company common stock.
Rhea-AI Filing Summary
Eastman Chemical executive vice president and CFO William Thomas McLain Jr. reported a tax-related share disposition involving company common stock. On the reported date, 4,471 shares were withheld at a price of $80.26 per share to cover tax obligations tied to the payout of performance shares for the 2023–2025 performance period. After this tax-withholding disposition, he directly held 65,313 shares of Eastman Chemical common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 4,471 shares
Exercise Price or Tax Liability
1 txn
Insider
McLain William Thomas Jr.
Role
EVP, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 4,471 | $80.26 | $359K |
Holdings After Transaction:
Common Stock — 65,313 shares (Direct)
Footnotes (1)
- F1. Shares of common stock withheld in payment of tax obligations related to the payout of performance shares for the 2023-2025 performance period.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Eastman Chemical (EMN) CFO report in this Form 4 filing?
Eastman Chemical EVP and CFO William Thomas McLain Jr. reported a tax-withholding disposition of 4,471 common shares. The shares were withheld at $80.26 each to satisfy tax obligations related to a 2023–2025 performance share payout.
What does transaction code F mean in the Eastman Chemical (EMN) Form 4?
Transaction code F indicates a disposition of shares to pay an exercise price or tax liability. Here, 4,471 Eastman Chemical common shares were withheld specifically to cover tax obligations tied to a performance share payout, rather than being sold on the open market.
AI-generated analysis. How Rhea-AI works. Not financial advice.