Form 4: Eastman Chemical Co: SVP, Chf HR Ofcr Adrian James Holt Executes Stock Options and Sells Shares
SEC Form 4
Adrian James Holt, SVP, Chf HR Ofcr of Eastman Chemical Co, exercised stock options and sold shares on May 10, 2024.
Summary
- On May 10, 2024, Adrian James Holt, SVP, Chf HR Ofcr of Eastman Chemical Co, exercised employee stock options to acquire 2,301 shares at $82.69 and 1,361 shares at $83.84.
- Holt then sold 2,301 shares at an average weighted price of $101.26 and 1,361 shares at $101.26.
- Following these transactions, Holt directly owns 0 shares of Common Stock and 2,723 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an officer. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the actions of company executives. It's common for executives to exercise stock options and sell a portion of the acquired shares for personal financial management.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the executive's personal financial decisions.
Key Dates
| Date | Description |
|---|---|
| 02/28/2022 | Date of grant for one of the employee stock options. |
| 02/24/2024 | One-third of option became exercisable. |
| 05/10/2024 | Date of transaction: exercise of stock options and sale of shares. |
| 05/13/2024 | Date of Form 4 filing. |
| 02/27/2029 | Expiration date for one of the employee stock options. |
| 02/23/2033 | Expiration date for one of the employee stock options. |
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