BUTLER ERIC L 4

What Happened

• Eric L. Butler, a director of Eastman Chemical Company (EMN), received an award of 1,628 restricted shares on May 7, 2026. The shares were granted at $0.00 (i.e., no cash purchase price).
• This is an award/compensation grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-07; Form 4 filed: 2026-05-11 (filed within required two business days).
• Shares granted: 1,628 restricted shares; acquisition price shown as $0.00.
• Vesting / restrictions: Footnote indicates these are restricted shares that lapse on May 7, 2027 subject to continued service as a director (annual Restricted Stock Award).
• Shares owned after transaction: Not specified in the provided filing details.
• No sale or cash proceeds—this is compensation, not a divestment or purchase.

Context

• Director restricted stock awards are common as annual compensation and do not by themselves indicate a buy/sell signal from the insider.
• The award vests over a year subject to continued board service; not an immediate sale or exercise event.