Form 4: Albemarle Corp Executive Kristin M. Coleman Reports Stock Transactions

Kristin M. Coleman, EVP and General Counsel of Albemarle Corp, reports acquisition of shares through incentive plan settlement and disposition of shares to cover tax liabilities.

Summary

• Kristin M. Coleman, an executive at Albemarle Corporation, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
• On February 26, 2024, Coleman acquired 1,763 shares of common stock as settlement of 50% of the payout earned under the Issuer's 2023 Annual Incentive Plan.
• These shares vested immediately.
• Also on February 26, 2024, Coleman disposed of 543 shares to cover tax liabilities associated with the vesting of the common stock at a price of $121.52 per share.
• Following these transactions, Coleman directly owns 2,593 shares and indirectly owns 1,373 shares through the Kristin Coleman Revocable Trust.
• A previous filing incorrectly reported all shares as indirectly owned; this filing corrects that misstatement.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reflects routine transactions related to executive compensation and tax obligations. There are no indications of significant positive or negative implications for the company.

Positives

• The acquisition of shares through the incentive plan indicates a reward for performance and alignment with company goals.

Negatives

• The sale of shares to cover tax liabilities, while common, slightly reduces Coleman's direct stake in the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing is typical for executives receiving stock-based compensation and managing their tax obligations.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax management.

Key Dates