Form 4: Huntsman Corp: Executive Peter R. Huntsman Reports Stock Transactions
SEC Form 4
Peter R. Huntsman, Chairman, President & CEO of Huntsman Corp, reports acquisition and disposal of common stock and derivative securities.
Summary
- Peter R. Huntsman, Chairman, President & CEO of Huntsman Corp, filed a Form 4 detailing changes in beneficial ownership.
- On February 13, 2025, Huntsman acquired 232,744 shares of common stock and 46,647 shares related to the settlement of performance share units (PSUs).
- Also on February 13, 2025, 11,388 shares were withheld to cover taxes upon payout of PSUs at a price of $16.98.
- On February 14, 2025, Huntsman had 7,959, 16,803 and 20,988 shares withheld to cover taxes upon vesting of restricted stock at a price of $16.99.
- Following these transactions, Huntsman directly owns 6,504,215 shares of common stock.
- Huntsman also indirectly owns 933,328 shares through P&B Capital, L.C.
- The 232,744 shares of restricted stock vest in three equal annual installments beginning February 13, 2026.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the document primarily reports routine stock transactions related to executive compensation. The vesting of restricted stock and settlement of PSUs are mildly positive, while the tax withholdings are mildly negative.
Positives
- The acquisition of 232,744 shares of restricted stock indicates a long-term incentive for the executive.
- The settlement of 46,647 performance share units (PSUs) suggests the achievement of performance goals during the specified period.
Negatives
- The withholding of shares to cover tax obligations reduces the net gain from the vesting of restricted stock and settlement of PSUs.
Future Outlook
The restricted stock vests in three equal annual installments beginning February 13, 2026, incentivizing long-term performance.
Industry Context
Form 4 filings are standard practice for reporting insider transactions, providing transparency to investors regarding executive compensation and stock ownership.
Stakeholder Impact
- The reported transactions provide transparency to shareholders regarding executive compensation and stock ownership.
- The vesting of restricted stock and settlement of PSUs align executive interests with those of shareholders.
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 stock acquisition and PSU settlement. |
| February 14, 2025 | Date of stock withholding for tax obligations. |
| February 13, 2026 | First vesting date for the restricted stock granted under the Huntsman 2016 Stock Incentive Plan. |
| February 18, 2025 | Date of signature on the Form 4 filing. |
Keywords
Huntsman Corp, Peter R. Huntsman, Form 4, stock transactions, beneficial ownership, restricted stock, performance share units, PSUs, tax withholding
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