Form 4: Eastman Chemical Co. Executive Brad A. Lich Reports Gift of Common Stock
SEC Form 4
EVP & CCO of Eastman Chemical Co., Brad A. Lich, reports gifting 1,750 shares of common stock to a charitable donor-advised fund on March 7, 2025.
Summary
- On March 7, 2025, Brad A. Lich, EVP & CCO of Eastman Chemical Co., gifted 1,750 shares of common stock to a charitable donor-advised fund.
- Following the transaction, Lich directly owns 80,207 shares of Eastman Chemical Co. common stock.
- Lich also indirectly owns 2,471 shares through a 401(k) plan and 1,193 shares through an ESOP.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing regarding a gift of stock. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This particular filing indicates a gift of shares, which is a common practice for executives.
Stakeholder Impact
- The gift of shares by an executive could be perceived positively by stakeholders as a sign of confidence, although the impact is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 03/07/2025 | Date of the gift transaction of common stock. |
| 03/11/2025 | Date of signature on the Form 4 filing. |
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