Form 4: Eastman Chemical Co Director Donald W. Slager Reports Changes in Beneficial Ownership

Director Donald W. Slager reports changes in beneficial ownership of Eastman Chemical Co stock due to deferred compensation and dividend reinvestment.

Summary

• On October 7, 2024, Director Donald W. Slager reported changes in his beneficial ownership of Eastman Chemical Co [EMN] stock.
• The changes are due to the automatic deferral of a portion of his director's annual retainer fees into phantom stock units under the Directors' Deferred Compensation Plan.
• He acquired 277 phantom stock units, each equivalent to one share of Eastman Chemical Co common stock.
• These units are payable only in cash after termination of service as a director.
• Additionally, one unit was credited since July 9, 2024, as a hypothetical reinvestment of dividend equivalents.
• Following these transactions, Slager's direct ownership includes 339 phantom stock units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The filing reflects standard compensation practices and alignment of director interests with the company's performance. There are no indications of negative events or concerns.

Positives

• The acquisition of phantom stock units reflects continued alignment of the director's interests with the company's performance.
• Dividend reinvestment indicates a long-term perspective on the investment.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the alignment of director interests with shareholder value.

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding director compensation and ownership.
• It reinforces the alignment of director interests with shareholder value.

Key Dates