Form 4: Eastman Chemical Co. Officer Michelle Renee Stewart Reports Stock Transactions
SEC Form 4 Filing
Michelle Renee Stewart, Controller & CAO of Eastman Chemical Co., reports the vesting and subsequent sale of restricted stock units to cover tax obligations.
Summary
- On February 26, 2024, Michelle Renee Stewart, Controller & CAO of Eastman Chemical Co., reported transactions involving common stock.
- 499 restricted stock units vested and were converted into common stock.
- Following the vesting, 499 shares were sold to cover tax liabilities at a price of $86.54 per share.
- After these transactions, Stewart directly owns 2,222 shares of common stock and indirectly owns 106 shares through a spouse's ESOP.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by a company officer; it doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their potential impact on stock prices.
Stakeholder Impact
- The transactions are unlikely to have a significant impact on stakeholders, as they are related to routine compensation practices.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of stock transactions: vesting of restricted stock units and sale of shares for tax liability. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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