SLAGER DONALD W 4

What Happened

• Donald W. Slager, a director of Eastman Chemical Co. (EMN), was credited with 408 Phantom Stock Units (derivative award) on 2026-04-08. The units were recorded at $0.00 per unit (no cash outlay) and are payable only in cash after his termination of service as a director.

Key Details

• Transaction date: 2026-04-08; Filing date: 2026-04-10 (timely).
• Transaction type/code: Award/Grant (derivative units); reported acquisition of 408 units at $0.00.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes from the filing:
  • F1: Units are Phantom Stock Units under the Directors' Deferred Compensation Plan, each tracking the market value of one share and payable in cash after director leaves service.
  • F2: Units arose from an automatic deferral of a portion of the director's cash retainer.
  • F3: Amount includes dividend equivalents that were reinvested into additional Phantom Stock Units.
• Not a purchase or sale of company stock—this is a deferred compensation award (derivative), not an open-market trade.

Context

• Phantom Stock Units are a form of deferred cash compensation that mirror the economic value of common shares but are settled in cash; they do not transfer voting rights or create immediate share ownership.
• Such awards are standard for non-employee directors and are routine compensation, not a direct bullish/pessimistic market signal.