McLain William Thomas Jr. 4

What Happened
McLain William Thomas Jr., Executive Vice President and Chief Financial Officer of Eastman Chemical Company (EMN), was awarded 15,883 shares on 2026-02-11. The Form 4 lists the transaction as an acquisition by award (code A) at $0.00 per share (i.e., no cash paid at grant). The award represents performance shares tied to a multi-year performance period rather than an open-market purchase.

Key Details

• Transaction date: 2026-02-11; Form 4 filed: 2026-02-13 (timely filing).
• Transaction type/code: Award/Grant (A).
• Shares granted: 15,883; reported price: $0.00 (grant value recorded as $0 on the Form 4).
• Footnote F1: Award reflects the determination of performance shares earned for the three-year 2023–2025 performance period.
• Shares owned after the transaction: not provided in the excerpt of the filing.

Context
Performance-share awards are compensation tied to company performance metrics over a multi-year period. They are employer-issued grants (not open-market purchases or sales) and reflect compensation outcomes, not immediate trading intent. The Form 4 shows the grant but does not state its current market value; market value would equal the number of shares times Eastman’s share price on the grant date.