Rucker Kim K.W. 4
4 · Celanese Corp · Filed May 13, 2026
Research Summary
AI-generated summary of this filing
Celanese (CE) Director Kim Rucker Receives Awards, Defers 3,376 Shares
What Happened
Kim K.W. Rucker, a director of Celanese Corporation (CE), did not make an open-market buy or sale but instead converted and received equity awards under the company’s plans. On May 9, 2026 Rucker deferred the receipt of 3,376 vested restricted stock units (RSUs) into an equal number of phantom stock units (reported as a disposition of 3,376 common shares and an acquisition of 3,376 phantom shares at $0). On May 11, 2026 Rucker was granted 2,975 annual RSUs (acquired at $0) and 4.796 phantom shares reported at $59.55 each (total value ~$286), the latter representing dividend equivalents. These transactions are awards/deferrals rather than market sales or purchases.
Key Details
- Filing date: May 13, 2026; Report period includes transactions on May 9 and May 11, 2026. Filing appears timely (reported within two business days of the May 11 transactions).
- May 9, 2026: Disposition to issuer of 3,376 common shares in exchange for 3,376 phantom stock units (no cash change). Also recorded as an award/acquisition of 3,376 phantom RSUs @ $0 (derivative).
- May 11, 2026: Award/acquisition of 2,975 RSUs @ $0. Also acquisition of 4.796 phantom shares @ $59.55 = $286 (reported as dividend-equivalent phantom stock).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Relevant footnotes: Rucker elected to defer receipt of vested RSUs under the company’s 2008 Deferred Compensation Plan, so deferred amounts are reported as phantom stock that will be paid in shares of common stock at a later date or upon termination of service. Each phantom share equals the right to one common share; dividend-equivalent phantom shares become payable per the Plan.
Context
These entries reflect routine equity compensation and deferral elections common for non-employee directors—not an open-market buy or sale. Phantom stock/RSU deferrals convert immediate share delivery into a deferred, account-based right to receive shares later; dividend-equivalent phantom units represent accrued dividends on deferred compensation and are typically paid out per the plan’s schedule.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1]2026-05-09−3,376→ 56 total - Award
Common Stock
[F2]2026-05-11+2,975→ 3,031 total - Award
Phantom Stock
[F3][F4]2026-05-09+3,376→ 12,895.723 total→ Common Stock (3,376 underlying) - Award
Phantom Stock
[F3][F5]2026-05-11$59.55/sh+4.796$286→ 12,900.519 total→ Common Stock (4.796 underlying)
Footnotes (5)
- [F1]Upon vesting of 3,376 Restricted Stock Units granted to the reporting person on May 9, 2025, the reporting person deferred the receipt of 3,376 shares of Common Stock and received instead 3,376 shares of phantom stock pursuant to the Company's 2008 Deferred Compensation Plan (the "Plan"). As a result, the reporting person is reporting the disposition of 3,376 shares of Common Stock in exchange for an equal number of shares of phantom stock.
- [F2]Annual grant of restricted stock units pursuant to the Company's Amended and Restated 2018 Global Incentive Plan. The restricted stock units vest in full on the one-year anniversary of the date of the grant. The reporting person has elected that upon vesting of the restricted stock units, receipt of the shares of Common Stock be deferred under the Company's 2008 Deferred Compensation Plan; accordingly, upon vesting, the reporting person will instead receive an equal number of shares of phantom stock. As provided in the Company's 2008 Deferred Compensation Plan, the phantom stock becomes payable in shares of Common Stock upon the earlier of the date previously elected by the reporting person to receive payment or the termination of the reporting person's service as a director of the Company.
- [F3]Each share of phantom stock represents the right to receive one share of Common Stock.
- [F4]The shares of phantom stock become payable in shares of Common Stock, as provided in the Plan.
- [F5]The reported phantom stock represents dividend equivalents on compensation deferred under the Company's 2008 Deferred Compensation Plan (the "Plan"). The shares of phantom stock become payable in shares of Common Stock, as provided in the Plan, following the termination of the reporting person's service as a director of the Company.