Form 4: Huntsman Corp Executive Reports Changes in Beneficial Ownership
SEC Form 4
Robert Wade Rogers, Sr. VP of Human Resources at Huntsman Corp, reports acquisition and disposal of common stock due to vesting of restricted stock and settlement of performance share units.
Summary
- Robert Wade Rogers, a Senior Vice President at Huntsman Corp, filed a Form 4 detailing changes in his beneficial ownership of Huntsman Corp common stock.
- On February 13, 2025, Rogers acquired 23,557 shares of restricted stock and 5,918 shares from the settlement of performance share units (PSUs).
- Also on February 13, 2025, 1,755 shares were withheld to cover taxes upon payout of PSUs at a price of $16.98.
- On February 14, 2025, additional shares were withheld to satisfy tax obligations related to the vesting of restricted stock: 632 shares, 1,109 shares, and 1,430 shares, all at a price of $16.99.
- Following these transactions, Rogers beneficially owns 508,552 shares of Huntsman Corp common stock.
- The restricted stock vests in three equal annual installments starting February 13, 2026.
- The performance share units (PSUs) were granted under Huntsman's stock incentive plans, with the number of shares received dependent on performance goals achieved between January 1, 2022, and December 31, 2024.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation. There is no indication of unusual activity or cause for concern.
Positives
- The vesting of restricted stock and settlement of PSUs indicate that the company is meeting its compensation obligations to its executives.
- The vesting of restricted stock and settlement of PSUs may indicate that the company is performing well enough to meet the performance goals associated with the PSUs.
Future Outlook
The executive's holdings will continue to change as restricted stock vests annually beginning February 13, 2026.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into the holdings and transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.
Comparison to Industry Standards
- Executive compensation packages including restricted stock and performance share units are common in publicly traded companies like Huntsman Corp.
- The vesting schedules and performance metrics associated with these grants are typically aligned with industry benchmarks and company-specific goals.
- Comparing Huntsman's executive compensation structure to peers such as Dow, BASF, or LyondellBasell would provide further context.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not significantly dilute ownership.
- Employees may be impacted positively as the vesting of restricted stock and settlement of PSUs may indicate that the company is performing well enough to meet the performance goals associated with the PSUs.
Key Dates
| Date | Description |
|---|---|
| 2022-01-01 | Start date of the three-year performance period for the performance share units (PSUs). |
| 2024-12-31 | End date of the three-year performance period for the performance share units (PSUs). |
| 2025-02-13 | Date of the earliest transaction: acquisition of restricted stock and PSUs, and withholding of shares for taxes. |
| 2025-02-14 | Date of withholding of shares for taxes related to restricted stock vesting. |
| 2025-02-18 | Date of signature of the report. |
| 2026-02-13 | First vesting date for the restricted stock, vesting in three equal annual installments. |
Keywords
Form 4, beneficial ownership, Huntsman Corp, stock incentive plan, restricted stock, performance share units, PSUs, tax withholding, Robert Wade Rogers
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.