HORNBAKER RENEE J 4

What Happened
Renee J. Hornbaker, a director of Eastman Chemical Company (EMN), was granted 1,628 restricted shares on May 7, 2026. The Form 4 reports the shares as acquired at $0.00 (a non‑cash restricted stock award), not an open‑market purchase or sale. The award is her annual restricted stock grant.

Key Details

• Transaction date: May 7, 2026; Filing date: May 11, 2026 (Form 4 accession 0000915389-26-000114).
• Amount: 1,628 restricted shares; reported acquisition price: $0.00 (award/grant).
• Vesting/restrictions: Restrictions lapse May 7, 2027, subject to continued service as a director (see footnote F1).
• Ownership notes: Filing footnote (F2) states 154 shares were added via dividend reinvestment since May 1, 2025. The summarized filing does not specify total shares owned after the award.
• No indication this was a sale or option exercise; it’s a compensation award (code A).

Context
Restricted stock awards to non‑employee directors are routine compensation and do not necessarily signal a change in insider sentiment. The award was granted, not purchased, and will vest over time contingent on service, so it’s intended as compensation/retention rather than an immediate market bet.