Audia Damon J 4
4 · EASTMAN CHEMICAL CO · Filed May 11, 2026
Research Summary
AI-generated summary of this filing
Eastman Chemical (EMN) Director Damon J. Audia Receives Award
What Happened
Damon J. Audia, a non-employee director of Eastman Chemical Company (EMN), was granted 1,628 phantom stock units on May 7, 2026. The units were valued at $73.69 each for a total grant value of $119,967. This grant is a derivative, cash-settled award (phantom stock), not an actual share purchase.
Key Details
- Transaction date: 2026-05-07; Filing date: 2026-05-11 (four days after the grant). The filing appears later than the typical two-business-day Form 4 window.
- Award: 1,628 Phantom Stock Units @ $73.69 per unit; total value $119,967. (Reported as derivative grant.)
- Vesting/payable: Units will vest on May 7, 2027 and are payable only in cash (see footnote F1).
- Footnote F2: Grant reflects a director election to defer the value of an annual non-employee director restricted stock award into the deferred compensation plan.
- Shares owned after transaction: Not specified in this Form 4.
Context
Phantom stock units track the market value of shares but are cash-settled upon vesting, so this award does not immediately add issued shares or represent a stock purchase. Such director deferrals and phantom-unit grants are routine compensation for non-employee directors and do not by themselves indicate a buy/sell market signal.
Insider Transaction Report
- Award
Phantom Stock Units
[F1][F2]2026-05-07$73.69/sh+1,628$119,967→ 4,274 total→ Common Stock (1,628 underlying)
Footnotes (2)
- [F1]Unvested Phantom Stock Units credited under the Directors' Deferred Compensation Plan, each having a value equal to the market of one share of issuer common stock. The Phantom Stock Units will vest on May 7, 2027, and are payable only in cash.
- [F2]Deferral at election of director of value of annual non-employee director restricted stock award that would otherwise have been paid in common stock.