Form 4: Huntsman Corp Executive Jorgensen Reports Stock Transactions
SEC Form 4
VP & Controller Steven C. Jorgensen reports acquisition and disposal of Huntsman Corp stock, including vesting of restricted stock and settlement of performance share units.
Summary
- Steven C. Jorgensen, VP & Controller of Huntsman Corp, filed a Form 4 detailing changes in beneficial ownership of company stock.
- On February 13, 2025, Jorgensen acquired 5,889 shares of restricted stock and 1,405 shares from the settlement of performance share units (PSUs).
- Shares were withheld to cover tax obligations on February 13 and 14, 2025.
- Following these transactions, Jorgensen directly owns 32,678 shares of Huntsman Corp stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, reporting stock transactions. It doesn't convey any positive or negative sentiment about the company's performance or prospects.
Positives
- The vesting of restricted stock and settlement of PSUs indicate that Jorgensen is incentivized to perform well for the company.
- The vesting of restricted stock shows that the company is investing in its employees.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It doesn't provide specific insights into Huntsman's competitive position or broader industry trends.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the change in the executive's holdings.
- The vesting of restricted stock and settlement of PSUs could positively impact employees by incentivizing performance.
Key Dates
| Date | Description |
|---|---|
| January 1, 2022 | Start of the three-year performance period for performance share units (PSUs). |
| December 31, 2024 | End of the three-year performance period for performance share units (PSUs). |
| February 13, 2025 | Date of restricted stock grant and PSU settlement. |
| February 14, 2025 | Date of tax withholding related to restricted stock vesting. |
| February 13, 2026 | First vesting date for the restricted stock granted on February 13, 2025. |
| February 18, 2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Huntsman Corp, Stock Incentive Plan, Performance Share Units, Restricted Stock, Beneficial Ownership, Jorgensen, HUN
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