JPMorgan Amends Eastman Chemical Stake (SC 13G/A)

TL;DR

**JPMorgan Chase & Co. just updated its passive stake in Eastman Chemical, signaling a change in institutional holdings.**

AI Summary

JPMorgan Chase & Co. filed an amended Schedule 13G/A on January 4, 2024, indicating their ownership of Eastman Chemical Company's common stock as of December 29, 2023. This filing is an amendment (Amendment No. 03), suggesting a change in their previously reported holdings. While the exact percentage or number of shares isn't detailed in the provided text, the amendment signals that JPMorgan Chase & Co. has adjusted its passive investment in Eastman Chemical, which could influence investor sentiment or signal a shift in institutional interest for those owning or considering buying the stock.

Why It Matters

This filing shows that a major financial institution, JPMorgan Chase & Co., has updated its position in Eastman Chemical Company, which can be a signal to other investors about institutional confidence in the stock.

Risk Assessment

Risk Level: low — This is a routine amendment filing by a large institutional investor, indicating a change in passive holdings, not an aggressive activist move.

Analyst Insight

Investors should note that a major institution like JPMorgan Chase & Co. is adjusting its passive stake in Eastman Chemical. While the specific change isn't detailed here, it warrants further investigation into the full filing to understand if the stake increased or decreased, which could inform their own investment decisions.

Key Numbers

• 03 — Amendment Number (Indicates this is the third amendment to JPMorgan's Schedule 13G filing for Eastman Chemical.)
• 277432100 — CUSIP Number (Unique identifier for Eastman Chemical Company's Common Stock.)

Key Players & Entities

• JPMorgan Chase & Co. (company) — the entity filing the SC 13G/A amendment
• EASTMAN CHEMICAL COMPANY (company) — the issuer whose common stock is being reported
• December 29, 2023 (date) — the date of the event requiring the filing
• January 4, 2024 (date) — the filing date of the SC 13G/A
• Amendment No. 03 (number) — the specific amendment number for this filing

FAQ

Key Financial Figures

• $0.01 — ame of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti

Filing Documents

• EASTMAN_CHEMICAL_COMPANY.h.htm (SC 13G/A) — 86KB
• 0000019617-24-000011.txt ( ) — 88KB

From the Filing

SC 13G/A 1 EASTMAN_CHEMICAL_COMPANY.h.htm FILING EASTMAN CHEMICAL COMPANY Schedule 13G UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 03 )* EASTMAN CHEMICAL COMPANY (Name of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securities) 277432100 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: x Rule 13d-1(b) o Rule 13d-1(c) o Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 277432100 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) JPMORGAN CHASE & CO. 13-2624428 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) o (b) o 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 4,801,386 6 SHARED VOTING POWER 49,308 7 SOLE DISPOSITIVE POWER 5,530,671 8 SHARED DISPOSITIVE POWER 9,107 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 5,549,362 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.6 % 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) HC FOOTNOTES Item 1. (a) Name of Issuer EASTMAN CHEMICAL COMPANY (b) Address of Issuer's Principal Executive Offices 200 South Wilcox Drive, Kingsport, Tennessee 37662 Item 2. (a) Name of Person Filing JPMORGAN CHASE & CO. (b) Address of Principal Business Office or, if none, Residence 383 Madison Avenue New York, NY 10179 (c) Citizenship Delaware (d) Title of Class of Securities Common Stock, par value $0.01 per share (e) CUSIP Number 277432100 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) o Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) o Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) o Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) o Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8). (e) o An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) o An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) x A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) o A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) o A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) o A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J). (k) o A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: Item 4. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 5,549,362 (b) Percent of class: 4.6 % (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 4,801,386 (ii) Shared power to vote or to direct the vote: 49,308 (iii) Sole power to dispose or to direct the disposition of: 5,530,671 (iv) Shared power to dispose or to direct the disposition of: 9,107 Item 5. of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following x . Item 6. of More than Five Percent on Behalf of Another Person. Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company J.P. Morgan Trust Company of Delaware J.P. Morgan Securities LLC JPMorgan Asset Management (Asia Pacific) Li

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