Form 4: Celanese Director Kuehn Receives Annual Grant of Restricted Stock Units

Christopher J. Kuehn, a director at Celanese Corp, received an annual grant of 3,376 restricted stock units on May 9, 2025, which vest in full on the one-year anniversary of the grant date.

Summary

• On May 9, 2025, Christopher J. Kuehn, a director of Celanese Corp, was granted 3,376 restricted stock units.
• The grant was made pursuant to the company's Amended and Restated 2018 Global Incentive Plan.
• The restricted stock units vest in full on the one-year anniversary of the grant date.
• Upon vesting, Kuehn has elected to defer receipt of the shares of common stock under the company's 2008 Deferred Compensation Plan, receiving an equal number of shares of phantom stock instead.
• The phantom stock becomes payable in shares of common stock upon the earlier of a previously elected date or termination of service as a director.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (grant of restricted stock units) and doesn't contain any alarming or negative information. It's a standard part of executive compensation, suggesting stability and alignment of interests.

Positives

• The grant of restricted stock units aligns the director's interests with the company's long-term performance.

Future Outlook

The reporting person will receive shares of Common Stock upon the earlier of the date previously elected by the reporting person to receive payment or the termination of the reporting person's service as a director of the Company.

Industry Context

This type of equity grant is a common practice for compensating and incentivizing directors in publicly traded companies like Celanese.

Comparison to Industry Standards

• Equity compensation for board members is a standard practice across publicly traded companies.
• Companies like Dow, DuPont, and BASF also utilize restricted stock units as part of their director compensation packages.
• The specific number of units granted and vesting schedules vary based on company size, performance, and industry benchmarks.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of the shareholders, incentivizing them to work towards long-term value creation.

Key Dates

Keywords

restricted stock units, Celanese, director, Kuehn, phantom stock, deferred compensation, equity, grant, vesting