Form 4: Eastman Chemical Co Director Brett D. Begemann Reports Changes in Beneficial Ownership

Director Brett D. Begemann reports acquisition of phantom stock units through deferral of retainer fees under the Directors' Deferred Compensation Plan.

Summary

• Brett D. Begemann, a director at Eastman Chemical Co, filed a Form 4 indicating changes in beneficial ownership.
• The report details the acquisition of phantom stock units under the Directors' Deferred Compensation Plan.
• On April 5, 2024, Begemann acquired 811 phantom stock units through voluntary deferral of retainer fees and 303 phantom stock units through automatic deferral of annual retainer fees.
• The price of the voluntary deferral was $99.83.
• Following these transactions, Begemann beneficially owns 45,257 phantom stock units.
• These units are payable only in cash after termination of service as a director and each unit has a value equal to the market value of one share of Eastman Chemical Co common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The filing reflects a director's continued investment in the company through a standard compensation plan.

Positives

• The acquisition of phantom stock units reflects the director's continued investment in the company's future.
• The Directors' Deferred Compensation Plan aligns the interests of directors with those of shareholders.

Future Outlook

The report does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates director Begemann's ongoing participation in the company's deferred compensation plan.

Stakeholder Impact

• The report provides transparency to shareholders regarding director compensation and ownership.

Key Dates