Form 4: Celanese Director Deborah J. Kissire Reports Acquisition of Phantom Stock

Director Deborah J. Kissire reports the acquisition of phantom stock representing dividend equivalents on deferred compensation.

Summary

• On August 12, 2024, Deborah J. Kissire, a director of Celanese Corp, reported the acquisition of 26.405 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 Kissire's service as a director.
• Following the transaction, Kissire beneficially owns 4,748.818 shares of phantom stock.
• A power of attorney was executed on July 26, 2024, granting authority to Ashley B. Duffie, Blake Feikema, Adam R. Santosuosso, and Christine Dryden to act on Kissire's behalf for SEC filings.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, indicating standard corporate governance practices. The sentiment is neutral to slightly positive as it reflects ongoing alignment of director interests with shareholder value.

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 filing is a routine disclosure related to executive compensation and holdings, common in publicly traded companies. It provides transparency regarding the alignment of director interests with shareholder value through equity-based compensation.

Comparison to Industry Standards

• Deferred compensation plans and phantom stock awards are common practices among publicly traded companies to incentivize and retain key personnel, including directors.
• Companies like Dow, DuPont, and BASF also utilize similar compensation strategies to align executive interests with long-term shareholder value.
• The specific terms and conditions of these plans can vary, but the underlying principle of rewarding performance with equity-based compensation remains consistent across the industry.

Stakeholder Impact

• Shareholders: Provides transparency regarding director compensation and alignment of interests.
• Employees: No direct impact.
• Customers: No direct impact.
• Suppliers: No direct impact.
• Creditors: No direct impact.

Key Dates