Costa Mark J 4

What Happened
Mark J. Costa, CEO and Board Chair of Eastman Chemical Co. (EMN), received an award of 64,192 shares on February 11, 2026. The Form 4 reports the transaction as an "A" (award/grant) at $0.00 per share (reported value = $0), reflecting a performance-share award rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-11; filing date: 2026-02-13 (filed within the typical two-business-day window).
• Transaction type/code: A = Award/Grant (performance shares). Reported price: $0.00 per share; total reported value: $0.
• Shares granted: 64,192 performance shares.
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnote: F1 — the grant represents the determination of the number of performance shares earned for the three-year (2023–2025) performance period.
• No indication of a 10b5-1 sale plan, tax withholding, or cashless exercise in the provided data.

Context
Performance-share awards are long-term incentive compensation tied to multi-year company performance and typically vest only if certain goals are met; they are not immediate open-market purchases or sales. Such grants are common in executive pay packages and do not by themselves indicate a buy/sell sentiment—they reflect compensation tied to past performance metrics and future vesting conditions.