Caveness Michelle H 4

What Happened

• Michelle H. Caveness, Senior Vice President & Chief Manufacturing Officer of Eastman Chemical Co. (EMN), was awarded 1,937 shares on Feb 11, 2026. The shares were recorded at $0.00 at acquisition (award/grant), so the filing shows $0 cash paid. This was an award of performance shares rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-11; Form 4 filed: 2026-02-13 (filed within the typical two-business-day window).
• Transaction type/code: Award/Grant (A).
• Shares acquired: 1,937; acquisition price: $0.00; reported cash value at acquisition: $0.
• Footnote: F1 — determination of the number of performance shares earned for the three-year 2023–2025 performance period.
• Shares owned after the transaction: not specified in the filing.

Context

• This was a compensation award (performance shares) that reflects the outcome of a multi-year performance plan (2023–2025). The $0 acquisition price reflects that these shares were granted as compensation; their market value depends on EMN’s stock price at vesting and is not shown here.
• Awards like this are common executive compensation and do not, by themselves, indicate buying or selling sentiment in open market trades.