Celanese Corp·4

May 13, 4:07 PM ET

GALANTE EDWARD G 4

4 · Celanese Corp · Filed May 13, 2026

Research Summary

AI-generated summary of this filing

Updated

Celanese (CE) Director Edward G. Galante Receives Restricted Stock & Phantom Shares

What Happened

  • Edward G. Galante, a director of Celanese Corporation, was granted 4,676 restricted stock units (RSUs) and 3.429 shares of phantom stock on May 11, 2026. The RSUs were granted at a $0.00 price (award), and the phantom shares are reported at $59.55 each for a reported value of $204 (derivative).
  • These were awards (transaction code A), not open‑market purchases or sales — routine compensation rather than an outright purchase or sale.

Key Details

  • Transaction date: 2026-05-11; Form 4 filed: 2026-05-13 (timely within the normal two-business-day filing window).
  • RSUs: 4,676 shares granted; price reported $0.00 (award).
  • Phantom stock: 3.429 shares reported at $59.55 each = $204 (derivative value shown).
  • Shares owned after the transaction: not disclosed in the provided filing excerpt.
  • Footnotes of note:
    • F1: The RSUs are an annual grant and vest in full one year after the grant date.
    • F2: Each phantom share represents the right to one share of common stock.
    • F3: The phantom shares represent dividend equivalents under the 2008 Deferred Compensation Plan and become payable in shares after the director’s service terminates.

Context

  • RSU and phantom stock grants are standard director compensation and do not indicate an immediate market purchase or sale. The RSUs vest on a one‑year schedule, while the phantom/dividend‑equivalent shares are payable upon termination of service, so these are not immediately tradable shares.

Insider Transaction Report

Form 4
Period: 2026-05-11
Transactions
  • Award

    Common Stock

    [F1]
    2026-05-11+4,67626,053 total
  • Award

    Phantom Stock

    [F2][F3]
    2026-05-11$59.55/sh+3.429$2046,810.222 total
    Common Stock (3.429 underlying)
Footnotes (3)
  • [F1]Annual grant of restricted stock units pursuant to the Company's Amended and Restated 2018 Global Incentive Plan. The restricted stock units vest in full on the one-year anniversary of the date of grant.
  • [F2]Each share of phantom stock represents the right to receive one share of Common Stock.
  • [F3]The reported phantom stock represents dividend equivalents on compensation deferred under the Company's 2008 Deferred Compensation Plan (the "Plan"). The shares of phantom stock become payable in shares of Common Stock, as provided in the Plan, following the termination of the reporting person's service as a director of the Company.
Signature
/s/ Blake Feikema, Attorney-in-Fact for Edward G. Galante|2026-05-13

Documents

1 file
  • 4
    wk-form4_1778702822.xmlPrimary

    FORM 4