Form 4: Albemarle Corp Executive Eric Norris Reports Stock Transaction
SEC Form 4 Filing
Eric Norris, Chief Commercial Officer of Albemarle Corp, reports the disposal of 510 common stock shares to cover tax liabilities.
Summary
- On February 25, 2025, Eric Norris, Chief Commercial Officer of Albemarle Corp, disposed of 510 shares of common stock.
- The transaction was executed to cover tax liabilities associated with the vesting of Restricted Stock Units granted on February 25, 2022.
- The shares were disposed of at a price of $78.42 per share.
- Following the transaction, Norris directly owns 43,476 shares of Albemarle Corp common stock.
Sentiment
Score: 5
Explanation: The document reflects a neutral event (standard tax-related stock disposal) with no inherent positive or negative implications for the company's financial health or future prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard transaction to cover tax obligations related to vested equity.
Key Dates
| Date | Description |
|---|---|
| 02/25/2022 | Date of grant for Restricted Stock Units related to the tax liabilities. |
| 02/25/2025 | Date of the stock transaction (disposal of shares). |
| 02/27/2025 | Date of signature for the Form 4 filing. |
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