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Celanese Corp·4

May 13, 4:09 PM ET

Rucker Kim K.W. 4

Research Summary

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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.