William M. Brown - May 3, 2023 Form 4 Insider Report for Celanese Corp (CE)

Role
Director
Signature
/s/ Adam R. Santosuosso, Attorney-in-Fact for William M. Brown
Stock symbol
CE
Transactions as of
May 3, 2023
Transactions value $
$0
Form type
4
Date filed
5/5/2023, 04:31 PM
Previous filing
Apr 27, 2023
Next filing
Jul 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CE Common Stock Disposed to Issuer -1.1K -91.42% 103 May 3, 2023 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 +1.1K +9.71% $0.00 12.4K May 3, 2023 Common Stock 1.1K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Upon vesting of 1,098 Restricted Stock Units granted to the reporting person on May 3, 2022, the reporting person deferred the receipt of 1,098 shares of Common Stock and received instead 1,098 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 1,098 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.