Celanese (NYSE: CE) director receives phantom stock award under plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Celanese Corp director Kim K.W. Rucker reported a small compensation-related award of phantom stock tied to common shares. On this Form 4, Rucker acquired 5.633 units of phantom stock, each representing the right to receive one share of Celanese common stock. These units reflect dividend equivalents on compensation deferred under the company’s 2008 Deferred Compensation Plan. After this award, Rucker holds a total of 9,519.723 phantom stock units, which will be payable in common stock according to the terms of the plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rucker Kim K.W.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 5.633 | $50.67 | $285.42 |
Holdings After Transaction:
Phantom Stock — 9,519.723 shares (Direct)
Footnotes (1)
- Each share of phantom stock represents the right to receive one share of Common Stock. The reported phantom stock represents dividend equivalents on compensation deferred under the Company's 2008 Deferred Compensation Plan (the "Plan"). The shares of phantom stock become payable in shares of Common Stock, as provided in the Plan.
FAQ
What insider transaction did Celanese (CE) disclose for Kim K.W. Rucker?
Celanese disclosed that director Kim K.W. Rucker received 5.633 phantom stock units. These units are part of deferred compensation and are linked one-for-one to Celanese common stock, increasing her total phantom stock holdings to 9,519.723 units.
What is phantom stock in the Celanese (CE) Form 4 filing?
In this filing, each phantom stock unit represents the right to receive one share of Celanese common stock. The units function as a deferred equity-based compensation tool, mirroring the value of actual shares without immediate share issuance or voting rights.
Why did Kim K.W. Rucker receive 5.633 phantom stock units from Celanese (CE)?
The 5.633 phantom stock units represent dividend equivalents on compensation deferred under Celanese’s 2008 Deferred Compensation Plan. Instead of receiving cash dividends, the director’s deferred amounts are credited as additional phantom stock units tied to common shares.
How many phantom stock units does the Celanese (CE) director hold after this transaction?
After this transaction, director Kim K.W. Rucker holds 9,519.723 phantom stock units. Each unit is linked to one share of Celanese common stock and will be settled in shares according to the company’s 2008 Deferred Compensation Plan.
Does the Celanese (CE) Form 4 show an open-market buy or sell by the director?
No open-market buy or sell is shown. The Form 4 reports an acquisition coded as a grant or award of 5.633 phantom stock units, reflecting dividend equivalents on deferred compensation rather than a discretionary market transaction in Celanese shares.