SMITH BRIAN TRAVIS 4

What Happened Brian Travis Smith, EVP, AFP, Mfg., WWEC & HSE at Eastman Chemical (EMN), had 3,086 shares withheld/disposed to satisfy tax obligations tied to a performance-share payout. The shares were reported disposed at $80.26 each, for a total value of about $247,682. This was a tax-withholding disposition related to a performance award, not an open-market sale.

Key Details

• Transaction date: 2026-02-18; filing date: 2026-02-20 (appears timely).
• Shares withheld/disposed: 3,086 at $80.26 per share; total value ≈ $247,682.
• Shares owned after transaction: not disclosed in the filing.
• Footnote: Shares withheld in payment of tax obligations for the 2023–2025 performance period (tax-withholding/cashless disposition; transaction code F).
• This is a routine tax-withholding action and does not necessarily indicate a change in insider sentiment.

Context Withholdings to cover taxes on performance-share payouts are common and function like a cashless disposition—shares are surrendered to satisfy tax obligations rather than sold in an open-market trade. For retail investors, such transactions are typically administrative and less informative than outright open-market purchases or voluntary sales.