Form 4: Celanese Corp Director William M. Brown Reports Changes in Beneficial Ownership

Director William M. Brown reports acquisition of phantom stock representing dividend equivalents on deferred compensation.

Summary

• On March 5, 2024, William M. Brown, a director of Celanese Corp, acquired 59.712 units of phantom stock.
• These units represent dividend equivalents on cash compensation and restricted stock units deferred under the company's 2008 Deferred Compensation Plan.
• The price of the phantom stock is $151.61.
• Following the transaction, Brown directly owns 12,992.315 shares of common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.

Future Outlook

The shares of phantom stock become payable in cash or shares of Common Stock, subject to certain conditions and as provided in the Plan, on the earlier of the date previously elected by the reporting person to receive payment or upon termination of the reporting person's service as a director of the Company.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company insider, which is a common practice among publicly traded companies.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it involves phantom stock related to deferred compensation.

Key Dates