Form 4: Albemarle Corp Executive Mark Mummert Reports Stock Transaction

Chief Supply Chain Officer Mark Richard Mummert reports a transaction involving Albemarle Corp stock on January 1, 2025, to cover tax liabilities.

Summary

• On January 1, 2025, Mark Richard Mummert, Chief Supply Chain Officer of Albemarle Corp, reported a transaction.
• The transaction involved the withholding of 110 common stock shares at a price of $86.08 to cover tax liabilities.
• These liabilities are associated with the vesting of Adjusted ROIC Performance Stock Units granted on February 26, 2021.
• The payout was based on a 200% performance multiplier, with 50% vesting on February 22, 2024, and the remaining 50% vesting on January 1, 2025.
• Following the reported transaction, Mummert beneficially owns 6,852 shares of Albemarle Corp.
• The report also notes that the number of securities beneficially owned includes 160 shares inadvertently excluded from previous reports, representing Adjusted ROIC Performance Stock Units granted on February 26, 2021, that were earned above target and were unvested at the time of the prior reports.

Sentiment

Score: 7

Explanation: The document is a standard regulatory filing detailing an executive's stock transaction. It doesn't contain any information that would significantly impact investor sentiment positively or negatively. The correction of a previous reporting error is a minor positive for transparency.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the withholding of shares to cover tax liabilities, which is a normal part of executive compensation.

Key Dates