William M. Brown - 12 May 2024 Form 4 Insider Report for Celanese Corp (CE)

Role
Director
Signature
/s/ Adam R. Santosuosso, Attorney-in-Fact for William M. Brown
Issuer symbol
CE
Transactions as of
12 May 2024
Net transactions value
+$9,095
Form type
4
Filing time
14 May 2024, 17:18:12 UTC
Previous filing
06 May 2024
Next filing
30 Jan 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CE Common Stock Disposed to Issuer -1,777 -95% 103 12 May 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CE Phantom Stock Award $0 +1,777 +14% $0.000000 14,769 12 May 2024 Common Stock 1,777 Direct F2, F3
transaction CE Phantom Stock Award $9,095 +57 +0.38% $160.24 14,826 13 May 2024 Common Stock 57 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.