Form 4: Albemarle Corp: Chief People Officer Reports Stock Transactions
SEC Form 4 Filing
Melissa H. Anderson, Chief People Officer of Albemarle Corp, reports transactions involving common stock and performance stock units, including acquisitions, disposals, and shares withheld for tax liabilities.
Summary
- On February 26, 2025, Melissa H. Anderson, Chief People Officer of Albemarle Corp, reported the withholding of 173 common stock shares at $77.53 to cover tax liabilities related to vesting Restricted Stock Units.
- She also reported owning 10,316 common stock shares following this transaction.
- On February 27, 2025, Anderson acquired 2,866 common stock shares through the vesting of Adjusted ROIC Performance Stock Units granted on February 25, 2022, with a 200% performance multiplier.
- An additional 830 shares were withheld at $78.97 to cover tax liabilities associated with the vesting of these Performance Stock Units.
- Following these transactions, Anderson directly owns 12,352 common stock shares.
- She also indirectly owns 175.692 shares through the Albemarle Savings Plan.
- The report also notes that 597 shares were inadvertently excluded from previous reports and have been included in the current report.
- These shares represent half of the Restricted Stock Units granted on 02/26/2021 that vested 50% on 2/26/2024 and 50% on 2/26/2025.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it primarily reports stock transactions. The vesting of performance stock units is a slightly positive indicator.
Positives
- The vesting of Performance Stock Units indicates that performance targets were met, resulting in the acquisition of 2,866 shares.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership of shares by a company executive.
- Employees who participate in the Albemarle Savings Plan may be indirectly affected by the changes in the plan's holdings.
Key Dates
| Date | Description |
|---|---|
| 02/26/2021 | Date of grant for Restricted Stock Units, half of which vested on 2/26/2024 and the other half on 2/26/2025. |
| 02/25/2022 | Date of grant for Adjusted ROIC Performance Stock Units. |
| 02/26/2025 | Withholding of 173 common stock shares for tax liabilities related to vesting Restricted Stock Units. |
| 02/27/2025 | Vesting of 2,866 common stock shares from Adjusted ROIC Performance Stock Units and withholding of 830 shares for tax liabilities. |
| 02/28/2025 | Date of signature for the Form 4 filing. |
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