Form 4: Albemarle Corp Executive LaBauve Reports Stock Transaction

Donald J. LaBauve Jr., VP, Controllers and Tax, & CAO of Albemarle Corp, reports a transaction involving common stock due to tax liabilities and vesting of performance stock units.

Summary

• On January 1, 2025, Donald J. LaBauve Jr., VP, Controllers and Tax, & CAO of Albemarle Corporation, reported a transaction involving Albemarle's common stock.
• 110 shares were disposed of to cover tax liabilities associated with the vesting of Adjusted ROIC Performance Stock Units granted on February 26, 2021.
• The payout was based on a 200% performance multiplier.
• 50% of the units vested on February 22, 2024, and the remaining 50% vested on January 1, 2025.
• The reported number of securities beneficially owned includes 160 shares inadvertently excluded from previous reports.
• These shares represent the number of Adjusted ROIC Performance Stock Units granted on 02/26/2021 that were earned above target and were unvested at the time of the prior reports.
• As of the date of the report, LaBauve directly owns 5,214 shares and indirectly owns 12,466.435 shares through the Albemarle Savings Plan.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with privileged information.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation and stock ownership.

Key Dates