Form 4: Celanese Corp Director Kathryn Hill Reports Acquisition of Phantom Stock

Director Kathryn Hill reports acquiring phantom stock representing dividend equivalents on deferred compensation.

Summary

• Kathryn Hill, a director of Celanese Corp, filed a Form 4 on March 7, 2024, reporting a transaction on March 5, 2024.
• The transaction involved the acquisition of 9.799 shares of phantom stock, representing dividend equivalents on compensation deferred under the company's 2008 Deferred Compensation Plan.
• The price of the phantom stock is $151.61 per share.
• Following the reported transaction, Hill directly owns 2,132.144 shares of phantom stock.
• Each share of phantom stock represents the right to receive one share of Celanese Corp common stock upon termination of service as a director.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to director compensation, and does not indicate any significant positive or negative sentiment.

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

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Key Dates