McLain William Thomas Jr. 4

What Happened

• William T. McLain Jr., EVP and CFO of Eastman Chemical Company, had 4,471 shares withheld to satisfy tax obligations related to a performance-share payout. The shares were valued at $80.26 each, totaling approximately $358,842. This was a tax-withholding disposition (routine), not an open-market sale or buy.

Key Details

• Transaction date: 2026-02-18
• Price per share reported: $80.26
• Shares withheld/disposed: 4,471 — total value ≈ $358,842
• Footnote: F1 — shares withheld to pay tax obligations on performance shares for the 2023–2025 performance period
• Shares owned after transaction: not specified in the provided excerpt
• Filing: Report filed 2026-02-20 (appears timely)

Context

• Code F indicates shares were withheld to cover tax liabilities on the payout of performance shares. This is a routine, administrative disposition (often called tax withholding or "net settlement") and does not necessarily reflect the insider's view on the company's stock.
• This is different from an open-market sale (which transfers shares to other investors) and different from an option exercise followed by a sale; here shares were retained by the company to meet tax obligations.