Form 4: Celanese Corp Director Koenig Michael Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Director Michael Koenig of Celanese Corp reports disposing of 534 shares of common stock to cover tax obligations related to vesting of restricted stock units.
Summary
- On May 12, 2024, Michael Koenig, a director of Celanese Corp, disposed of 534 shares of common stock.
- The transaction was executed to cover tax obligations arising from the vesting and settlement of previously reported time-based restricted stock units.
- The shares were disposed of at a price of $159.07 per share.
- Following the transaction, Koenig directly owns 2,203 shares of Celanese Corp common stock.
Sentiment
Score: 5
Explanation: This is a routine transaction related to tax obligations, so it doesn't significantly impact the overall sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. This specific filing indicates routine tax-related stock disposals, which are common when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/12/2024 | Date of stock disposal transaction |
| 05/14/2024 | Date of signature on the Form 4 filing |
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