Form 4: Albemarle CFO Neal Ravi Sheorey Reports Stock Transactions
SEC Form 4
Chief Financial Officer Neal Ravi Sheorey of Albemarle Corporation reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On November 6, 2024, Neal Ravi Sheorey, the CFO of Albemarle Corporation, reported transactions involving common stock and restricted stock units.
- 1,954 Restricted Stock Units vested and were converted into common stock.
- 864 shares were withheld to cover tax liabilities associated with the vesting of these units at a price of $96.58 per share.
- Following these transactions, Sheorey directly owns 1,243 shares of common stock and 3,906 Restricted Stock Units.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard reporting of stock transactions related to executive compensation.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and transactions in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 11/06/2023 | Original grant date of the Restricted Stock Units, vesting in three equal increments annually. |
| 11/06/2024 | Date of transaction: vesting of Restricted Stock Units and tax withholding. |
| 11/08/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.