Celanese (NYSE: CE) director receives phantom stock compensation award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Celanese Corp director Jay V. Ihlenfeld received a small phantom stock award as part of deferred compensation. On this date, he acquired 6.0600 phantom stock units, 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 and will be paid in common shares according to that plan’s terms. Following this grant, Ihlenfeld directly holds a total of 10241.1190 phantom stock units linked to Celanese common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
IHLENFELD JAY V
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock | 6.06 | $50.67 | $307.06 |
Holdings After Transaction:
Phantom Stock — 10,241.119 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) report for Jay V. Ihlenfeld?
Celanese reported that director Jay V. Ihlenfeld acquired 6.0600 phantom stock units. These units are part of his deferred compensation and mirror dividend equivalents, to be settled in Celanese common stock under the company’s 2008 Deferred Compensation Plan.
How many phantom stock units does the Celanese (CE) director hold after this Form 4?
After this transaction, Jay V. Ihlenfeld holds 10241.1190 phantom stock units directly. Each unit represents the right to receive one share of Celanese common stock, payable in shares according to the company’s 2008 Deferred Compensation Plan.
Is the Celanese (CE) Form 4 transaction an open-market buy or sell?
The Form 4 does not show an open-market buy or sell. It records a grant-type acquisition of 6.0600 phantom stock units as dividend-equivalent compensation under Celanese’s 2008 Deferred Compensation Plan, not a purchase or sale on the stock market.
What is phantom stock in the Celanese (CE) director’s Form 4 filing?
In this filing, each share of phantom stock represents the right to receive one share of Celanese common stock. These phantom shares arise from dividend equivalents on deferred compensation and are payable in common stock as outlined in the company’s 2008 Deferred Compensation Plan.
Why did Celanese (CE) credit dividend equivalents as phantom stock to its director?
Celanese credited 6.0600 phantom stock units as dividend equivalents on compensation deferred under its 2008 Deferred Compensation Plan. This structure lets deferred amounts mirror dividends as if invested in Celanese stock, later settled in actual shares under the plan’s terms.