Form 4: Director Ihlenfeld Reports Phantom Stock Acquisition in Celanese Corp

Director Jay V. Ihlenfeld reports acquisition of phantom stock representing dividend equivalents in Celanese Corporation.

Summary

• On March 5, 2024, Jay V. Ihlenfeld, a director of Celanese Corp, acquired 46.023 shares of phantom stock.
• These shares represent dividend equivalents on compensation deferred under the company's 2008 Deferred Compensation Plan.
• The price of the derivative security is $151.61.
• Following the transaction, Ihlenfeld directly owns 10,013.867 derivative securities.
• The phantom stock becomes payable in shares of Common Stock following the termination of Ihlenfeld's service as a director of the Company.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects a director's continued investment in the company through deferred compensation. It's a routine transaction and doesn't indicate any significant positive or negative development.

Future Outlook

The phantom stock becomes 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

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates Ihlenfeld's continued investment in Celanese Corp through deferred compensation.

Stakeholder Impact

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

Key Dates