Form 4: Eastman Chemical Co. Executive Holt Exercises Options and Sells Shares
SEC Filing Form 4
Adrian James Holt, SVP, Chf HR Ofcr of Eastman Chemical Co., executed stock options and sold shares on March 6, 2024.
Summary
- On March 6, 2024, Adrian James Holt, SVP, Chf HR Ofcr of Eastman Chemical Co., exercised employee stock options to acquire 3,430 shares of common stock at a price of $72.92 per share.
- Simultaneously, Holt sold 3,430 shares at an average weighted price of $87.73 and 1,305 shares at $87.82.
- Following these transactions, Holt directly owns 1,305 shares of Eastman Chemical Co. common stock.
- Holt also holds 0 derivative securities.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider transactions. The sentiment is neutral as it doesn't inherently indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders (officers, directors, or those holding more than 10% of the company's shares) buy or sell the company's securities. These filings provide transparency into insider transactions and can be scrutinized by investors for insights into management's view of the company's prospects.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the actions of company leadership.
Key Dates
| Date | Description |
|---|---|
| 10/15/2020 | Date employee stock options were granted |
| 03/06/2024 | Date of transaction: exercise of stock options and sale of shares |
| 03/07/2024 | Date of signature on the Form 4 filing |
| 10/15/2029 | Expiration date of employee stock options |
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