Form 4: Huntsman Corp Executive Scott J. Wright Reports Stock Transactions

Sentiment:

SEC Form 4


Division President Scott J. Wright reports acquisition and disposal of Huntsman Corp stock, including vesting of restricted stock and settlement of performance share units.

Summary

  • On February 13, 2025, Scott J. Wright, Division President of Huntsman Corp, acquired 21,201 shares of common stock and 4,142 shares of common stock.
  • These acquisitions are related to restricted stock granted under the Huntsman 2016 Stock Incentive Plan and the settlement of performance share units (PSUs).
  • Wright also disposed of shares to cover tax obligations related to the vesting of restricted stock and payout of PSUs, with 1,229 shares disposed of on February 13, 2025, and 438, 843, and 1,312 shares disposed of on February 14, 2025.
  • Following these transactions, Wright beneficially owns 161,286 shares of Huntsman Corp common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as the filing reflects standard executive compensation practices and stock transactions.

Positives

  • The vesting of restricted stock and settlement of PSUs indicate that Wright is incentivized to perform well for the company.
  • The acquisition of shares increases Wright's stake in the company, aligning his interests with those of shareholders.

Negatives

  • The disposal of shares to cover tax obligations, while standard, slightly reduces Wright's overall holdings.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

  • The transactions have a minor positive impact on shareholders as they align executive interests with company performance.

Key Dates

DateDescription
January 1, 2022Start of the three-year performance period for performance share units (PSUs).
December 31, 2024End of the three-year performance period for performance share units (PSUs).
February 13, 2025Date of initial stock acquisition and disposal related to PSUs.
February 14, 2025Date of stock disposal related to tax withholding obligations.
February 13, 2026First vesting date for the restricted stock granted under the Huntsman 2016 Stock Incentive Plan.

Keywords

Huntsman Corp, Scott J. Wright, stock, Form 4, restricted stock, performance share units, PSUs, insider trading

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