Form 4: Eastman Chemical Co. EVP Brad Lich Reports Changes in Beneficial Ownership

EVP & CCO of Eastman Chemical, Brad Lich, reports acquisition and disposal of common stock related to performance share payout and tax liability.

Summary

• On February 18, 2025, Brad Lich, EVP & CCO of Eastman Chemical Co., reported changes in beneficial ownership of the company's common stock.
• These changes involve the acquisition of 19,331 shares due to the payout of performance shares awarded at the beginning of a three-year performance period (2022-2024).
• Additionally, 6,167 shares were disposed of to cover tax liabilities associated with the performance share payout.
• Following these transactions, Lich directly owns 81,957 shares of Eastman Chemical common stock.
• Lich also indirectly owns 1,192 shares through an ESOP and 2,470 shares through a 401(k) plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation and tax obligations. There is no indication of positive or negative performance beyond the expected payout of performance shares.

Positives

• The acquisition of shares due to performance share payout suggests that the company met certain performance goals during the three-year period (2022-2024).

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates transactions related to compensation and tax obligations, which are common occurrences.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments.

Key Dates