Huntsman Corporation (NYSE:HUN) shares were trading almost 4% higher Wednesday morning following the company’s two announcements yesterday.

First, the company’s Board of Directors has authorized the management team to implement a strategic review (expected to begin in Q1/22) of the company’s Textile Effects Division, including a potential sale.

Second, a multi-year compensation plan (equity incentives linked to relative Total Shareholder Return and Free Cash Flow measures; incentive cash bonus program connected to the achievement of the Adjusted EBITDA margin, Optimization Program and Free Cash Flow targets) is to be designed connected to the company’s financial targets laid out at Investor Day in November.