Form 4: Eastman Chemical Co: Executive Julie A. McAlindon Reports Changes in Beneficial Ownership

Julie A. McAlindon, SVP at Eastman Chemical Co, reports acquisition and disposal of common stock related to performance share payout and tax liability.

Summary

• On February 18, 2025, Julie A. McAlindon, SVP of Regions & Chief Supply Chain Officer at Eastman Chemical Co, reported changes in beneficial ownership of the company's common stock.
• McAlindon acquired 8,405 shares of common stock through the payout of performance shares awarded at the beginning of a three-year (2022-2024) performance period.
• Simultaneously, she disposed of 2,077 shares of common stock to cover tax liabilities associated with the performance share payout at a price of $103.47 per share.
• Following these transactions, McAlindon directly owns 10,731 shares of common stock and indirectly owns 845 shares through an ESOP.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations.

Positives

• The acquisition of shares through performance share payout suggests that the company met certain performance goals during the 2022-2024 period.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices involving performance-based equity and tax obligations.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.

Key Dates