Alfonso Humberto P 4

What Happened
Alfonso Humberto P, a director of Eastman Chemical Company (EMN), was credited with 1,628 phantom stock units on May 7, 2026. The units were valued at $73.69 each for a total grant value of $119,967. This was an award (derivative grant), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-07; Form 4 filed: 2026-05-11 (filed 4 days after the grant; Form 4s are typically due within two business days).
• Grant: 1,628 Phantom Stock Units @ $73.69, total value $119,967 (transaction code A — award/other acquisition, derivative).
• Shares owned after transaction: not reported on the Form 4.
• Footnotes: F1 — Units are unvested phantom stock under the Directors' Deferred Compensation Plan, each equal in value to one share of common stock; they vest May 7, 2027 and are payable only in cash. F2 — The grant reflects a deferral election of an annual non-employee director restricted stock award.

Context
Phantom stock units are a cash-settled form of deferred compensation tied to the company’s stock price; they do not represent current ownership of common shares and will pay out in cash upon vesting. Because this is an award to a director (not an open-market purchase), it should be viewed as compensation rather than a direct buying or selling signal.