Form 4: Eastman Chemical Co. Executive Brad A. Lich Reports Stock Transactions
SEC Form 4 Filing
EVP & CCO of Eastman Chemical Co., Brad A. Lich, reports the vesting and subsequent tax withholding of common stock related to restricted stock units.
Summary
- On March 1, 2024, Brad A. Lich, EVP & CCO of Eastman Chemical Co., reported transactions involving common stock.
- 11,922 restricted stock units vested, resulting in the payout of 11,922 shares of common stock.
- 4,692 shares were withheld to cover tax liabilities at a price of $87.09 per share.
- Following these transactions, Lich directly owns 68,793 shares of common stock.
- Lich also indirectly owns 1,155 shares through an ESOP and 2,394 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minor impact on the overall shareholding structure of Eastman Chemical Co.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: vesting of restricted stock units and tax withholding. |
| 03/04/2024 | Date of report signature. |
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