McLain William Thomas Jr. 4

What Happened

• William Thomas McLain Jr., EVP and CFO of Eastman Chemical Company (EMN), was granted equity awards on February 24, 2026. The filing shows two derivative awards: 59,801 stock options and 8,227 restricted stock units (RSUs). Both items are reported with $0 acquisition price because they are compensation grants rather than open-market purchases.

Key Details

• Transaction date: 2026-02-24; Form 4 filed: 2026-02-26 (timely filing).
• Award details: 59,801 options (derivative); 8,227 RSUs (derivative). Total units granted = 68,028.
• Reported price: $0.00 (standard for compensation grants; no cash paid).
• Shares owned after transaction: Not disclosed on this Form 4.
• Footnotes:
  • F1: Options vest one-third on each of Feb 24, 2027, 2028 and 2029.
  • F2: Each RSU represents a contingent right to one share.
  • F3: RSUs vest and convert to unrestricted shares on Feb 24, 2029, subject to continued employment.
• Transaction code: A = Award/Grant.

Context

• These awards are compensation, not market purchases or sales, and therefore are typically retention/incentive-related rather than immediate bullish or bearish trading signals. The options have a multi-year vesting schedule (annual one‑third vesting), and the RSUs are time‑vesting with payout on the third anniversary, subject to continued employment. No immediate exercise or sale is reported.