Eastman Chemical officer reports tax share withholding
Eastman Chemical Company Controller and Chief Accounting Officer Michelle Renee Stewart reported a tax-related share disposition.
Rhea-AI Filing Summary
Eastman Chemical Company Controller and Chief Accounting Officer Michelle Renee Stewart reported a tax-related share disposition. On the reported date, 1,063 shares of common stock 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 withholding, her directly owned common stock holdings were 7,209 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 1,063 shares
Exercise Price or Tax Liability
1 txn
Insider
Stewart Michelle Renee
Role
Controller & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,063 | $80.26 | $85K |
Holdings After Transaction:
Common Stock — 7,209 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 insider transaction did Eastman Chemical (EMN) report for Michelle Renee Stewart?
Eastman Chemical reported that Controller and CAO Michelle Renee Stewart had 1,063 common shares withheld to satisfy tax obligations. The withholding related to the payout of performance shares for the 2023-2025 performance period, and it reduced the shares she holds directly, not an open-market sale.
What does the transaction code “F” mean in the Eastman Chemical (EMN) Form 4?
The transaction code “F” on the Form 4 indicates shares were disposed of to pay tax liabilities or exercise costs. In this case, common shares were withheld specifically to satisfy tax obligations tied to the payout of performance shares for the 2023-2025 performance period.
AI-generated analysis. How Rhea-AI works. Not financial advice.