Kyrish Chuck 4
Research Summary
AI-generated summary
Celanese (CE) SVP & CFO Chuck Kyrish Receives Award; 179 Shares Withheld
What Happened
- Chuck Kyrish, SVP & CFO of Celanese Corp (CE), had performance-based restricted stock units (PRSUs) vest and be settled on Feb 15, 2026. He was issued 401 shares (award, $0.00 per share). Concurrently, 179 shares were withheld to cover taxes at an indicated value of $59.12 per share, totaling approximately $10,582 (disposition for tax withholding).
Key Details
- Transaction dates and prices:
- 2026-02-15: Award/settlement of 401 PRSU shares at $0.00 (grant/settlement).
- 2026-02-15: 179 shares withheld for taxes at $59.12 per share (≈ $10,582).
- Shares owned after transaction: Not specified in the provided filing details.
- Footnotes:
- F1: These were PRSUs granted on Feb 8, 2023 under the 2018 Global Incentive Plan that have now vested and settled.
- F2: The 179 shares were withheld to satisfy tax withholding on the vesting/settlement.
- Filing timeliness: The Form 4 was filed Feb 18, 2026 for a Feb 15 transaction. Because Form 4s must be filed within two business days, this filing appears to be one business day late (deadline Feb 17, 2026).
Context
- This was not an open-market buy or sale for investment — it was the vesting/settlement of compensation PRSUs with routine tax-withholding (disposition code F). Tax-withholding sales are common administrative actions and do not necessarily indicate the insider’s view of the stock.