Richardson Scott A 4
Research Summary
AI-generated summary
Celanese (CE) CEO Scott Richardson Receives 3,336-Share Award
What Happened
- Scott A. Richardson, Celanese Corp’s CEO & President (also a director), had 3,336 performance-based restricted stock units (PRSUs) vest and settle on Feb 15, 2026 (reported on a Form 4 filed Feb 18, 2026). The award was recorded at $0.00 per share (code A — award/acquisition).
- As part of the settlement, 989 shares were withheld to cover tax liabilities (code F) at a per-share withholding price of $59.12, yielding a withholding value of $58,470. This results in a net issuance of shares to Richardson after tax withholding.
Key Details
- Transaction dates: Feb 15, 2026 (transaction); Form 4 filed Feb 18, 2026.
- Award: 3,336 PRSU shares acquired (code A) at $0.00 per share.
- Tax withholding: 989 shares withheld (code F) at $59.12/share for $58,470 withheld.
- Footnotes: F1 — PRSUs were originally granted Feb 8, 2023 under the 2018 Global Incentive Plan and have now vested and settled. F2 — the 989 shares were withheld to satisfy tax withholding obligations.
- Shares owned after transaction: not specified in the provided filing summary.
- Filing timeliness: Form 4 was filed three days after the transaction date; the provided data does not state a late filing designation.
Context
- This was a routine equity award settlement (vesting of PRSUs) rather than an open-market purchase or voluntary sale. The withheld shares reflect a typical cashless/net settlement to cover taxes and do not necessarily indicate a change in the insider’s market view.
- For retail investors, awards and automatic withholdings are common compensation events and are generally considered neutral informationally compared with open-market purchases (which can be viewed more positively).