Form 4: Huntsman Corp Executive Benko Reports Stock Transactions

Senior VP Brittany Benko reports acquisition and disposal of Huntsman Corp stock related to restricted stock vesting and performance share unit settlement.

Summary

• Brittany Benko, Senior VP of EHS at Huntsman Corp, filed a Form 4 detailing changes in beneficial ownership.
• On February 13, 2025, Benko acquired 12,956 shares of common stock related to restricted stock granted under the Huntsman 2016 Stock Incentive Plan, vesting in three equal annual installments beginning February 13, 2026.
• Also on February 13, 2025, 2,962 shares were acquired representing the settlement of performance share units (PSUs) based on performance goals from January 1, 2022, through December 31, 2024.
• A total of 879 shares were withheld on February 13, 2025, at $16.98 per share to cover taxes upon payout of PSUs.
• Additionally, 310, 603 and 909 shares were withheld on February 14, 2025, at $16.99 per share to satisfy tax obligations upon vesting of restricted stock.
• Following these transactions, Benko beneficially owns 53,876 shares of Huntsman Corp common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reports routine stock transactions related to executive compensation. There are no indications of significant positive or negative developments.

Positives

• The vesting of restricted stock and settlement of performance share units indicate that the company is meeting its compensation commitments to its executives.
• The vesting of restricted stock and settlement of performance share units may indicate that the company is meeting its performance goals.

Negatives

• The withholding of shares to cover tax obligations reduces the net gain for the reporting person.

Risks

• Tax liabilities associated with stock vesting and PSU settlements can impact the executive's overall compensation.

Future Outlook

The restricted stock vests in three equal annual installments beginning February 13, 2026.

Industry Context

Executive stock transactions are a common occurrence in publicly traded companies and are often tied to performance-based compensation plans. These transactions provide insights into management's alignment with shareholder interests and the company's performance.

Comparison to Industry Standards

• Huntsman's stock incentive plan is similar to those offered by other large chemical companies such as Dow and BASF, which also use a combination of restricted stock and performance-based units to incentivize executives.
• The vesting schedules and performance metrics used in Huntsman's plan are likely benchmarked against industry peers to ensure competitiveness in attracting and retaining talent.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect the execution of existing compensation plans.
• Employees may be impacted positively as the vesting of restricted stock and settlement of PSUs may indicate that the company is meeting its performance goals.

Key Dates

Keywords

Huntsman Corp, Brittany Benko, Form 4, Stock Incentive Plan, Restricted Stock, Performance Share Units, Beneficial Ownership, EHS