BEGEMANN BRETT D 4

What Happened
Brett D. Begemann, a director of Eastman Chemical Company (EMN), received awards of phantom stock units on 2026-04-08. The filing shows 1,159 phantom units credited at an attributable value of $74.27 each (total ~$86,079) and an additional 408 units recorded at $0.00 (reflecting deferrals). These are derivative, cash‑settled units under the Directors' Deferred Compensation Plan rather than open‑market stock purchases or sales.

Key Details

• Transaction date: 2026-04-08; Form 4 filed: 2026-04-10 (timely filing).
• Reported grants: 1,159 units at $74.27 (value ≈ $86,079) and 408 units at $0.00.
• Transaction code: A (award/grant); units are derivative phantom stock units payable in cash after director service ends.
• Shares owned after transaction: Not reported in the provided filing.
• Footnotes: F1 = phantom stock units payable in cash after termination; F2 = voluntary deferral of retainer fees; F3 = dividend equivalents reinvested as additional phantom units; F4 = automatic deferral of part of annual retainer into the plan.

Context
Phantom stock units track the market value of company shares but are cash‑settled and do not provide immediate share ownership or voting rights. Grants to non‑employee directors for retainer deferrals are common and typically reflect board compensation mechanics rather than directional insider trading.