Eastman Chemical (EMN) Director Linnie Haynesworth Receives 408 Phantom Units

What Happened

• Linnie M. Haynesworth, a director of Eastman Chemical Company (EMN), was credited with 408 phantom stock units on April 8, 2026. The Form 4 reports the grant as an acquisition of 408 derivative units at $0.00 (no cash paid). These are phantom stock units (not actual shares) that track the market value of EMN common stock and are payable in cash after termination of service.

Key Details

• Transaction date: 2026-04-08; Form 4 filed: 2026-04-10 (timely filing).
• Reported amount: 408 phantom stock units; reported price: $0.00; total reported cash consideration: $0.
• Nature: Derivative award under the Directors' Deferred Compensation Plan (grant/award, code A).
• Shares owned after transaction: not specified in this filing.
• Footnotes: (F1) Units are phantom stock payable only in cash after director leaves service; (F2) Units reflect automatic deferral of part of the director’s retainer; (F3) Includes dividend equivalents reinvested into additional phantom units.

Context

• These phantom units represent deferred compensation tied to EMN’s stock value rather than an open-market purchase or sale of shares. Such grants are routine for directors and do not indicate an immediate buy/sell market signal.