Form 4: Albemarle Corp Executive Eric Norris Reports Stock Transactions
SEC Form 4 Filing
Eric Norris, President of Energy Storage at Albemarle Corp, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On February 28, 2024, Eric Norris, President of Energy Storage at Albemarle Corporation, reported transactions involving Albemarle Corp common stock.
- 1,680 restricted stock units vested, converting into common stock.
- 743 shares were withheld to cover tax liabilities related to the vesting of these units at a price of $132.06.
- Following these transactions, Norris directly owns 34,842 shares of Albemarle Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It doesn't necessarily reflect a strategic shift or major event for Albemarle within the broader specialty chemicals or lithium industry.
Key Dates
| Date | Description |
|---|---|
| 02/28/2020 | Original grant date of Restricted Stock Units |
| 02/28/2023 | 50% of Restricted Stock Units vested |
| 02/28/2024 | Vesting of remaining 50% of Restricted Stock Units and tax withholding |
| 03/01/2024 | Date of Form 4 signature |
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