Form 4: Albemarle Corp Executive Mark Mummert Reports Stock Transaction
SEC Form 4 Filing
Chief Supply Chain Officer Mark Mummert reports disposition of Albemarle Corp shares to cover tax obligations.
Summary
- On February 25, 2025, Mark Richard Mummert, Chief Supply Chain Officer of Albemarle Corp, disposed of 179 shares of common stock to cover tax liabilities.
- The transaction was executed at a price of $78.42 per share.
- Following the transaction, Mummert directly owns 6,673 shares of Albemarle Corp common stock.
Sentiment
Score: 5
Explanation: Neutral sentiment as the filing reflects a routine transaction for tax purposes.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard transaction to cover tax obligations related to vested equity.
Stakeholder Impact
- The transaction has minimal direct impact on stakeholders as it is a routine transaction.
Key Dates
| Date | Description |
|---|---|
| 02/25/2022 | Date of grant for Restricted Stock Units associated with the tax liabilities. |
| 02/25/2025 | Date of stock transaction (disposal of shares). |
| 02/27/2025 | Date of signature for the Form 4 filing. |
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