Form 4: Eastman Chemical Co. EVP Brad A. Lich Executes Stock Option and Sells Shares
SEC Form 4
Eastman Chemical Co.'s EVP & CCO, Brad A. Lich, exercised stock options and sold shares on May 15, 2024.
Summary
- On May 15, 2024, Brad A. Lich, EVP & CCO of Eastman Chemical Co., exercised an employee stock option to acquire 23,038 shares of common stock at a price of $74.46 per share.
- Simultaneously, Lich sold 23,028 shares of common stock at an average weighted price of $100.51, with individual sales ranging from $100.50 to $100.61.
- Following these transactions, Lich directly owns 68,793 shares of Eastman Chemical Co. common stock.
- Lich also indirectly owns 2,407 shares through a 401(k) plan and 1,163 shares through an ESOP.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider trading activity. The executive exercised options and sold shares, which is a common practice.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/27/2016 | Date Employee Stock Option was granted |
| 02/26/2025 | Expiration date of Employee Stock Option |
| 05/15/2024 | Date of stock option exercise and share sale |
| 05/16/2024 | Date of Form 4 signature |
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