4//SEC Filing
Brown William M 4
Accession 0001306830-24-000108
CIK 0001306830other
Filed
May 13, 8:00 PM ET
Accepted
May 14, 5:18 PM ET
Size
10.5 KB
Accession
0001306830-24-000108
Insider Transaction Report
Form 4
Brown William M
Director
Transactions
- Award
Phantom Stock
2024-05-12+1,777→ 14,769.315 total→ Common Stock (1,777 underlying) - Award
Phantom Stock
2024-05-13$160.24/sh+56.757$9,095→ 14,826.072 total→ Common Stock (56.757 underlying) - Disposition to Issuer
Common Stock
2024-05-12−1,777→ 103 total
Footnotes (5)
- [F1]Upon vesting of 1,777 Restricted Stock Units granted to the reporting person on May 12, 2023, the reporting person deferred the receipt of 1,777 shares of Common Stock and received instead 1,777 shares of phantom stock pursuant to the Company's 2008 Deferred Compensation Plan (the "Plan"). As a result, the reporting person is reporting the disposition of 1,777 shares of Common Stock in exchange for an equal number of shares of phantom stock.
- [F2]Each share of phantom stock represents the right to receive one share of Common Stock.
- [F3]As provided in the Plan, the reported phantom stock becomes payable in shares of Common Stock upon termination of the reporting person's service as a director of the Company subject to certain restrictions and limitations.
- [F4]Each share of phantom stock represents the right to receive one share of Common Stock or the cash value of one share of Common Stock.
- [F5]The reported phantom stock represents dividend equivalents on cash compensation and restricted stock units deferred under the Plan. As provided by the Plan, the reporting person may transfer a portion of the phantom stock account into an alternative investment account at any time. The shares of phantom stock become payable in cash or shares of Common Stock, subject to certain conditions and as provided in the Plan, on the earlier of the date previously elected by the reporting person to receive payment or upon termination of the reporting person's service as a director of the Company.
Documents
Issuer
Celanese Corp
CIK 0001306830
Entity typeother
Related Parties
1- filerCIK 0001350633
Filing Metadata
- Form type
- 4
- Filed
- May 13, 8:00 PM ET
- Accepted
- May 14, 5:18 PM ET
- Size
- 10.5 KB