Form 4: Eastman Chemical Co: Officer Michelle Renee Stewart Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Michelle Renee Stewart, Controller & CAO of Eastman Chemical Co, reports acquisition and disposal of common stock on February 18, 2025, according to a Form 4 filing.
Summary
- On February 18, 2025, Michelle Renee Stewart, Controller & CAO of Eastman Chemical Co, reported changes in beneficial ownership of the company's common stock.
- Stewart acquired 3,993 shares of common stock at $0, representing a payout of performance shares awarded at the beginning of a three-year (2022-2024) performance period.
- She also disposed of 1,252 shares of common stock at $103.47 to cover tax liabilities related to the performance share payout.
- Following these transactions, Stewart directly owns 4,963 shares of Eastman Chemical Co.
- The transactions were reported on February 20, 2025.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects routine transactions related to executive compensation and tax obligations.
Positives
- The acquisition of performance shares indicates that the company met certain performance goals during the three-year performance period (2022-2024).
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 2022-2024 | Three-year performance period for performance shares. |
| 02/18/2025 | Date of transaction: acquisition and disposal of shares. |
| 02/20/2025 | Date of report filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.