Form 4: Celanese Corp Director Kim K.W. Rucker Reports Acquisition of Phantom Stock

Director Kim K.W. Rucker reports acquisition of phantom stock representing dividend equivalents on deferred compensation.

Summary

• On March 5, 2024, Kim K.W. Rucker, a director of Celanese Corp, reported the acquisition of 29.633 shares of phantom stock.
• These shares represent dividend equivalents on compensation deferred under the company's 2008 Deferred Compensation Plan.
• The phantom stock is payable in shares of Common Stock following the termination of Rucker's service as a director.
• The price of the phantom stock is $151.61 per share.
• Following the transaction, Rucker beneficially owns 6,447.767 shares of phantom stock directly.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing with no inherent 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

This Form 4 filing is a routine disclosure related to executive compensation and holdings, common in publicly traded companies.

Key Dates