William M. Brown - 18 Jul 2022 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
18 Jul 2022
Net transactions value
+$9,062
Form type
4
Filing time
19 Jul 2022, 16:15:39 UTC
Previous filing
01 Jul 2022
Next filing
09 Aug 2022
SEC
View on sec.gov

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 $9,062 +83 +0.76% $109.63 10,900 18 Jul 2022 Common Stock 83 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of phantom stock represents the right to receive the cash value of one share of Common Stock.
F2 The reported phantom stock represents a portion of the person's quarterly cash retainer for service as a director which has been deferred under the Company's 2008 Deferred Compensation Plan (the "Plan").
F3 As provided in the Plan, the reporting person may transfer a portion of the phantom stock account into an alternative investment account at any time, and on the earlier of the date previously elected by the reporting person to receive a payment or the termination of the reporting person's service as a director of the Company, the shares of phantom stock become payable in either cash or shares of Common Stock.