Form 4: Albemarle Corp Executive John Clarence Barichivich III Reports Stock Transactions

VP, Controller & CAO of Albemarle Corp, John Clarence Barichivich III, reports the vesting of restricted stock units and subsequent tax withholding.

Summary

• On February 26, 2024, John Clarence Barichivich III, VP, Controller & CAO of Albemarle Corp, reported transactions involving Albemarle common stock.
• 279 Restricted Stock Units (RSUs) vested, converting into 279 shares of common stock.
• 82 shares were withheld to cover tax liabilities associated with the vesting of the RSUs at a price of $121.52.
• Following these transactions, Barichivich directly owns 5,840 shares of common stock and indirectly owns 1,228.44 shares through the Albemarle Savings Plan.
• The RSUs were originally granted on February 26, 2021, with 50% vesting on February 26, 2024, and the remaining 50% scheduled to vest on February 26, 2025.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation and stock transactions, and does not inherently indicate positive or negative sentiment.

Future Outlook

The remaining 50% of the Restricted Stock Units will vest on February 26, 2025.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies like Albemarle. These filings provide transparency into the trading activities of company insiders.

Stakeholder Impact

• The vesting of RSUs and subsequent tax withholding has a minor dilutive effect on existing shareholders.

Key Dates