Celanese Corp·4

Feb 18, 4:24 PM ET

McGilvray Aaron M 4

Research Summary

AI-generated summary

Updated

Celanese (CE) Chief Accounting Officer Aaron McGilvray Receives Award

What Happened

  • Aaron M. McGilvray, Chief Accounting Officer of Celanese Corp (CE), had performance-based restricted stock units (PRSUs) vest and settle on Feb 15, 2026. The settlement resulted in the acquisition of 173 shares (reported at $0 acquisition price) and the withholding/disposition of 188 shares to cover tax liabilities at $59.12 per share, totaling $11,115.
  • This is a routine award/settlement of equity compensation, not an open-market purchase or a voluntary sale by the insider.

Key Details

  • Transaction date: 2026-02-15; Form filed: 2026-02-18.
  • Award/Acquisition: 173 shares (reported at $0.00).
  • Tax withholding/Disposition: 188 shares sold/withheld at $59.12 for proceeds/withholding of $11,115.
  • Footnotes: F1 — PRSUs were originally granted Feb 8, 2023 under the 2018 Global Incentive Plan and have vested and settled. F2 — Shares were withheld to pay taxes on the vesting/settlement of PRSUs and previously reported time-based RSUs.
  • Shares owned after the transaction: not disclosed in the filing.
  • Filing timeliness: Form filed 3 days after the transaction date; the filing does not assert a tardiness flag in the provided data.

Context

  • The activity is a settlement of performance-based equity (PRSUs) and a routine tax-withholding disposition. Withholding shares to cover taxes is common and does not necessarily indicate a change in the insider’s view of the company.
  • For retail investors, awards and related tax-withholding are typically administrative; purchases are often a stronger signal of insider conviction.