OBRIEN JAMES J /KY 4
4 · EASTMAN CHEMICAL CO · Filed May 9, 2022
Insider Transaction Report
Form 4
OBRIEN JAMES J /KY
Director
Transactions
- Award
Phantom Stock Units
2022-05-05$105.67/sh+1,041$110,002→ 12,523 totalExercise: $0.00→ Common Stock (1,041 underlying)
Footnotes (3)
- [F1]Unvested Phantom Stock Units credited under the Directors' Deferred Compensation Plan, each having a value equal to the market value of one share of issuer common stock. The Phantom Stock Units will vest if the director is still serving as a director of the issuer immediately prior to election of directors at the May 4, 2023 annual meeting of stockholders, and are payable only in cash after termination of service as a director.
- [F2]Deferral at election of director of value of annual non-employee director restricted stock award that would otherwise have been paid in common stock into Phantom Stock Units.
- [F3]Includes 15 units credited since April 1, 2022 as hypothetical reinvestment of dividend equivalents.