Celanese Corp·4

May 13, 4:07 PM ET

GALANTE EDWARD G 4

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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.