Eastman Chemical (EMN) awards stock options and RSUs to its EVP, CFO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
McLain William Thomas Jr. reported acquisition or exercise transactions in this Form 4 filing.
Eastman Chemical executive vice president and CFO William Thomas McLain Jr. reported equity awards consisting of 59,801 employee stock options and 8,227 restricted stock units, both granted at a price of $0 per unit.
One-third of the options become exercisable on February 24, 2027, February 24, 2028, and February 24, 2029. Each restricted stock unit represents the right to receive one share of common stock and will vest and pay out in unrestricted shares on February 24, 2029, subject to continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
McLain William Thomas Jr.
Role
EVP, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (right to buy) | 59,801 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 8,227 | $0.00 | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 59,801 shares (Direct);
Restricted Stock Units — 8,227 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 did Eastman Chemical (EMN) disclose about the CFO's latest equity awards?
Eastman Chemical disclosed that EVP and CFO William Thomas McLain Jr. received 59,801 stock options and 8,227 restricted stock units at $0 per unit. These awards are part of his equity-based compensation and follow a multi-year vesting schedule tied to continued employment.
How do the new stock options granted to Eastman Chemical's CFO vest?
The 59,801 employee stock options granted to Eastman Chemical’s CFO 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, creating a staggered, long-term incentive.
What are the key terms of the restricted stock units granted to EMN's CFO?
The 8,227 restricted stock units each represent a right to receive one share of Eastman Chemical common stock. They will vest and pay out in unrestricted shares on February 24, 2029, provided the executive remains employed with the company through that third-anniversary vesting date.
Is the Form 4 transaction for Eastman Chemical’s CFO a purchase or an award?
The Form 4 transactions for Eastman Chemical’s CFO are equity award grants, not open-market purchases. They are classified as acquisitions under a grant or award code, with a transaction price of $0 per unit, reflecting compensation rather than cash share buying.
Does the Eastman Chemical CFO Form 4 show any stock sales?
The Form 4 for Eastman Chemical’s CFO shows only acquisitions of options and restricted stock units. It reports two grant transactions with no corresponding sales, indicating an increase in derivative-based equity holdings rather than any disposal of existing company shares.