Alfonso Humberto P 4

What Happened

Alfonso Humberto P, a director of Eastman Chemical Company (EMN), received awards of phantom stock units on 2026-04-08. The filing reports 988 derivative units valued at $74.27 each (total ~$73,379) and an additional 408 phantom units reported at $0.00 (these reflect voluntary/automatic deferrals). These were grants/awards (transaction code A) under the company’s Directors’ Deferred Compensation Plan — not open-market purchases or sales.

Key Details

• Transaction date: 2026-04-08; Form 4 filed: 2026-04-10 (timely within reporting window).
• Grants: 988 units @ $74.27 each (value ~$73,379) and 408 units @ $0.00 (additional deferred units).
• Transaction type: A = Award/Grant of derivative securities (Phantom Stock Units).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes:
  • F1: Phantom Stock Units are cash-settled and payable after director leaves service.
  • F2: 408-unit amount reflects a voluntary deferral of director retainer fees.
  • F3: Includes dividend equivalents reinvested as additional phantom units.
  • F4: Some units reflect automatic deferral of a portion of annual retainer fees.
• Filing status: No late-filing indicated.

Context

Phantom Stock Units are a form of deferred compensation that track the value of company shares but are typically settled in cash after service ends; they do not transfer actual shares immediately and therefore do not directly indicate a purchase or sale in the market. These awards are routine for non-employee directors (retainer deferrals and dividend equivalents) and should be viewed as compensation-related grants rather than direct insider buying activity.