Form 4: Eastman Chemical Co Director Julie Fasone Holder Reports Acquisition of Phantom Stock Units

Director Julie Fasone Holder reports the acquisition of 412 phantom stock units in Eastman Chemical Co through the Directors' Deferred Compensation Plan.

Summary

• On April 7, 2025, Julie Fasone Holder, a director of Eastman Chemical Co, acquired 412 phantom stock units.
• These units were credited under the Directors' Deferred Compensation Plan.
• Each unit has a value equal to the market value of one share of Eastman Chemical Co common stock.
• The units are payable only in cash after termination of service as a director.
• The acquisition was due to the automatic deferral of a portion of the director's annual retainer fees into the director's stock account of the Directors' Deferred Compensation Plan.
• Following the transaction, Holder beneficially owns 13,566 derivative securities, which includes 386 units credited since October 7, 2024, as hypothetical reinvestment of dividend equivalents.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive as it reflects standard director compensation practices and aligns director interests with shareholder value. There are no indications of negative performance or concerns.

Positives

• The acquisition of phantom stock units aligns the director's interests with the long-term performance of the company.
• The Directors' Deferred Compensation Plan allows for the deferral of retainer fees into stock accounts, potentially offering tax advantages.

Future Outlook

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

Industry Context

This filing is a routine disclosure related to director compensation and is common among publicly traded companies. It reflects standard practices for aligning director interests with shareholder value.

Comparison to Industry Standards

• Deferred compensation plans for directors are a common practice among publicly traded companies, including Eastman Chemical Co's peers such as Dow Inc. and LyondellBasell Industries.
• These plans typically involve granting stock options, restricted stock units, or phantom stock units to directors as part of their compensation package.
• The specific terms and conditions of these plans, such as vesting schedules and payout methods, can vary depending on the company.
• However, the overall goal is to align the interests of directors with those of shareholders by providing them with a stake in the company's long-term success.

Stakeholder Impact

• The acquisition of phantom stock units by a director can positively influence shareholder confidence by aligning management's interests with the company's long-term success.

Key Dates

Keywords

Form 4, Director, Phantom Stock Units, Eastman Chemical Co, EMN, Deferred Compensation Plan, Beneficial Ownership