Eastman director gifts 15,720 shares of stock
Eastman Chemical director James J. O'Brien reports multiple bona fide stock gifts, shifting some holdings into a family trust.
Rhea-AI Filing Summary
EASTMAN CHEMICAL CO (EMN) director James J. O'Brien reported several gift transfers of common stock on September 2, 2026. He made bona fide gifts of 5,378 shares held directly and 2,482 shares held indirectly through a revocable trust, and an associated family trust is reported as receiving 7,860 shares. After these transactions, he holds 1,628 shares directly and 7,860 shares indirectly through the O'Brien Family Dynasty Trust. No transactions are reported under a Rule 10b5-1 trading plan.
Positive
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Negative
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Insider Trade Summary
15,720 shares gifted
Gift
3 txns
Insider
OBRIEN JAMES J /KY
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 5,378 | $0.00 | $0.00 |
| Gift | Common Stock | 2,482 | $0.00 | $0.00 |
| Gift | Common Stock F1 | 7,860 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 1,628 shares (Direct);
Common Stock — 0 shares (Indirect, Revocable Trust);
Common Stock — 7,860 shares (Indirect, O'Brien Family Dynasty Trust)
Footnotes (1)
- F1. Katherine B. O'Brien, TTEE
Key Figures
Direct shares gifted: 5,378 shares
Indirect shares gifted from revocable trust: 2,482 shares
Shares reported in O'Brien Family Dynasty Trust: 7,860 shares
+2 more
5 metrics
Direct shares gifted
5,378 shares
Bona fide gift of directly held Eastman Chemical common stock on September 2, 2026
Indirect shares gifted from revocable trust
2,482 shares
Bona fide gift from indirect holdings in a revocable trust on September 2, 2026
Shares reported in O'Brien Family Dynasty Trust
7,860 shares
Indirect ownership through the O'Brien Family Dynasty Trust after gifts on September 2, 2026
Total shares covered by reported gifts
15,720 shares
Sum of all bona fide gift transfers reported for September 2, 2026
Direct holdings after transactions
1,628 shares
Directly owned Eastman Chemical shares remaining after the September 2, 2026 gifts
Key Terms
bona fide gift, indirect ownership, Revocable Trust, Dynasty Trust
4 terms
bona fide gift regulatory
"Each stock transfer is characterized as a bona fide gift."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
indirect ownership financial
"Some shares are reported as indirectly owned through trusts."
Revocable Trust financial
"2,482 gifted shares were held indirectly through a Revocable Trust."
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
Dynasty Trust financial
"7,860 shares are reported in the O'Brien Family Dynasty Trust."
FAQ
What insider transactions did EMN director James J. O'Brien report on September 2, 2026?
He reported three bona fide gifts of Eastman Chemical common stock on September 2, 2026: gifts of 5,378 directly held shares, 2,482 indirectly held shares from a revocable trust, and 7,860 shares reported as indirectly held by the O'Brien Family Dynasty Trust.
Were James J. O'Brien’s EMN stock gifts made under a Rule 10b5-1 plan?
No. The filing indicates that these Eastman Chemical stock gifts were not made pursuant to a Rule 10b5-1 trading plan; no such plan is affirmed for the reported transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
