GALANTE EDWARD G 4
Research Summary
AI-generated summary
Celanese (CE) Director Edward Galante Receives Phantom Stock Award
What Happened
- Edward G. Galante, a director of Celanese Corporation (CE), was granted/received 4.028 phantom shares on 2026-03-10 at a reported per-share value of $50.67, a total reported value of about $204. This transaction is an award/acquisition of derivative phantom stock (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-10; filing date: 2026-03-11 (timely).
- Reported amount: 4.028 phantom shares at $50.67 each; total reported value ≈ $204.
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 — each phantom share represents the right to receive one share of Common Stock. F2 — these phantom shares are dividend equivalents under the 2008 Deferred Compensation Plan and will be payable in shares of Common Stock per the Plan.
- Transaction type: Derivative award (phantom stock), code A.
Context
- Phantom stock awards are bookkeeping rights that convert to actual shares (or their cash/share equivalent) under plan rules; they are common as deferred, tax-advantaged compensation and do not reflect an open-market buy or sale. This small-value dividend-equivalent award is routine compensation activity and should not be read alone as a buy/sell signal.