Hill Kathryn 4
Research Summary
AI-generated summary
Celanese (CE) Director Kathryn Hill Receives Phantom Stock Award
What Happened
- Kathryn Hill, a director of Celanese Corporation, was credited with 0.675 shares of phantom stock on March 10, 2026. The award is reported at a per-share value of $50.67, for a total reported value of approximately $34. This is an award/acquisition (transaction code A) of derivative shares — not an open-market purchase or sale.
Key Details
- Transaction date: 2026-03-10; Report filed: 2026-03-11 (appears timely).
- Price/value reported: $50.67 per share; total value ≈ $34.
- Quantity: 0.675 phantom shares (derivative securities).
- 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 represent dividend equivalents under the Company’s 2008 Deferred Compensation Plan and will be paid in shares of Common Stock per the Plan.
- Transaction type: Award/Grant (A). Not an exercise of options, sale, or 10b5-1 plan trade.
Context
- Phantom stock awards are bookkeeping units that convert to actual shares (or cash) per the plan terms; they do not represent an immediate market purchase or sale. This small dividend-equivalent award is routine compensation-related activity and, given its modest value, is unlikely to have material market implications.