Eastman Chemical Co: director Renee J Hornbaker received 480 shares

What happened

• Renee J Hornbaker, director, received 480 phantom stock units (reported as 480 shares acquired at $0.00) on Oct 7, 2026 under the Directors' Deferred Compensation Plan. The Form 4 was filed on Oct 9, 2026.

Key details

• Transaction date: Oct 7, 2026; reported price: $0.00; amount: 480 units.
• Security type: derivative security (phantom stock units) credited under the Directors' Deferred Compensation Plan (DDCP).
• Shares owned after the transaction: not reported in the provided filing summary.
• Footnotes from the filing:
  • F1: Phantom stock units each have a value equal to the market value of one share of issuer common stock and are payable only in cash after termination of service as a director.
  • F2: Units reflect automatic deferral of a portion of the director's annual retainer that would otherwise have been paid in cash.
  • F3: Includes units credited since Apr 8, 2026 as reinvestment of dividend equivalents for phantom shares, including credits made to the DDCP account on Oct 7, 2026.
• Filing date: Oct 9, 2026.

Why it may matter

• The transaction was an award of phantom stock units under the DDCP, not a market purchase or sale of common stock. A filing does not show why the insider traded or why the company acted.