Form 4: Albemarle Corp Executive John Clarence Barichivich III Reports Stock Transactions
SEC Form 4 Filing
John Clarence Barichivich III, VP, Controller & CAO of Albemarle Corp, reports the vesting of restricted stock units and subsequent transactions to cover tax liabilities.
Summary
- On February 28, 2024, John Clarence Barichivich III, VP, Controller & CAO of Albemarle Corporation, reported transactions involving Albemarle Corp common stock.
- These transactions included the vesting of 535 Restricted Stock Units (RSUs) which convert to common stock.
- 535 shares were acquired upon the vesting of these RSUs.
- 157 shares were disposed of at a price of $132.06 to cover tax liabilities associated with the vesting of the RSUs.
- Following these transactions, Barichivich directly owns 6,218 shares of common stock and indirectly owns 1,228.44 shares through the Albemarle Savings Plan.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions by an executive. It doesn't inherently indicate positive or negative sentiment about the company's performance.
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 |
|---|---|
| 02/28/2020 | Restricted Stock Units originally granted |
| 02/28/2023 | 50% of Restricted Stock Units vested |
| 02/26/2024 | Remaining 50% of Restricted Stock Units vested |
| 02/28/2024 | Transaction Date: Vesting of RSUs and sale of shares for tax liabilities |
| 03/01/2024 | Date of Form 4 signature |
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