Caveness Michelle H 4

What Happened

• Michelle H. Caveness, Senior Vice President & Chief Manufacturing Officer of Eastman Chemical Co. (EMN), had 528 shares withheld on 2026-02-18 to satisfy tax obligations. The shares were valued at $80.26 each, totaling approximately $42,377. This was a tax-withholding disposition tied to a performance-share payout, not an open-market sale.

Key Details

• Transaction date & price: 2026-02-18; 528 shares at $80.26 per share (total ≈ $42,377).
• Transaction type/code: F — payment of tax liability via share withholding.
• Shares owned after transaction: Not reported in this Form 4 filing.
• Footnote: Shares were withheld to pay tax obligations related to the payout of performance shares for the 2023–2025 performance period (Footnote F1).
• Filing timeliness: Reported on 2026-02-20 for a 2026-02-18 transaction — appears timely (Form 4 filed within the standard 2-business-day window).

Context

• This was a routine cashless withholding to cover taxes on a performance-share payout (not a market sale or new purchase). Such withholdings are common when performance awards vest and generally reflect tax settlement mechanics rather than an insider view on the company’s stock.