Huntsman explores sale of Textile Effects (expects ~$100M 2021 EBITDA); adopts comp plan tied to targets

Huntsman CORP

Board authorized strategic review of Textile Effects, possible sale; starts Q1 2022, no timetable.
Textile Effects expected to generate ~$100M Adjusted EBITDA in 2021, recovering from COVID-19 losses.
Multi-year compensation plan for officers and VPs; equity incentives performance-based on relative TSR and FCF.
Cash bonus program tied to Adjusted EBITDA margin, Optimization Program, and FCF targets from November Investor Day.

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