Vanessa Allen Sutherland - May 6, 2021 Form 4 Insider Report for EASTMAN CHEMICAL CO (EMN)

Role: Director
Signature: Brian L. Henry, by Power of Attorney
Stock symbol: EMN
Transactions as of: May 6, 2021
Transactions value $: $100,100
Form type: 4
Date filed: 5/10/2021, 12:59 PM
Next filing: Oct 5, 2021

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	EMN	Phantom Stock Units	Award	$100K	+807	+352.4%	$124.04	1.04K	May 6, 2021	Common Stock	807	$0.00	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Unvested Phantom Stock Units credited under the Directors' Deferred Compensation Plan, each having a value equal to the market value of one share of issuer common stock. The Phantom Stock Units will vest if the director is still serving as a director of the issuer immediately prior to election of directors at the May 5, 2022 annual meeting of stockholders, and are payable only in cash after termination of service as a director.
F2	Deferral at election of director of value of annual non-employee director restricted stock award that would otherwise have been paid in common stock into Phantom Stock Units.

Content

Unvested Phantom Stock Units credited under the Directors' Deferred Compensation Plan, each having a value equal to the market value of one share of issuer common stock. The Phantom Stock Units will vest if the director is still serving as a director of the issuer immediately prior to election of directors at the May 5, 2022 annual meeting of stockholders, and are payable only in cash after termination of service as a director.

Deferral at election of director of value of annual non-employee director restricted stock award that would otherwise have been paid in common stock into Phantom Stock Units.