Form 4: Celanese Corp Director Timothy Go Reports Transaction Involving Common Stock and Phantom Stock

Director Timothy Go reports disposition of 1,114 shares of Celanese Corp common stock in exchange for an equal number of phantom stock shares on May 15, 2025, following the vesting of restricted stock units.

Summary

• On May 15, 2025, Timothy Go, a director of Celanese Corp, reported a transaction involving the disposition of 1,114 shares of common stock.
• This disposition occurred because upon the vesting of 1,114 Restricted Stock Units granted on May 15, 2024, Mr. Go deferred the receipt of common stock and instead received 1,114 shares of phantom stock under the company's 2008 Deferred Compensation Plan.
• The transaction is reported as the exchange of 1,114 shares of common stock for an equal number of phantom stock shares.
• Following the reported transaction, Mr. Go beneficially owns 3,376 shares of common stock directly.
• Mr. Go also owns 1,114 shares of phantom stock, each representing the right to receive one share of common stock upon termination of his service as a director, subject to certain restrictions.

Sentiment

Score: 5

Explanation: This is a neutral report of a routine transaction. It doesn't indicate positive or negative sentiment about the company's performance or future prospects.

Future Outlook

The phantom stock becomes payable in shares of common stock upon termination of the reporting person's service as a director of the Company subject to certain restrictions and limitations.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency into the holdings and transactions of company directors. It is a standard practice for publicly traded companies to comply with SEC regulations regarding insider trading.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it involves a director exchanging common stock for phantom stock.
• The transaction does not directly affect employees, customers, suppliers, or creditors.

Key Dates

Keywords

Celanese Corp, Timothy Go, Form 4, Director, Common Stock, Phantom Stock, Deferred Compensation Plan, Restricted Stock Units, Beneficial Ownership, Transaction