Form 4: Celanese Corp Director Edward G. Galante Reports Phantom Stock Acquisition

Director Edward G. Galante reported the acquisition of phantom stock representing dividend equivalents on deferred compensation.

Summary

• On March 5, 2024, Edward G. Galante, a director of Celanese Corp, acquired 30.589 shares of phantom stock.
• The phantom stock represents dividend equivalents on compensation deferred under the company's 2008 Deferred Compensation Plan.
• Each share of phantom stock represents the right to receive one share of Celanese Corp common stock.
• The price of the phantom stock is $151.61.
• Following the transaction, Galante beneficially owns 6,655.742 shares of phantom stock directly.
• 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.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't indicate positive or negative sentiment, simply reporting a transaction.

Future Outlook

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.

Industry Context

This filing is a routine disclosure of a director's holdings and changes in those holdings, which is common practice for publicly traded companies.

Key Dates