Form 4: Albemarle Corp Executive Netha N. Johnson Reports Stock Transactions
SEC Form 4 Filing
Netha N. Johnson, Chief Operations Officer of Albemarle Corp, reports acquisition and disposal of common stock and performance stock units to cover tax liabilities and vesting.
Summary
- On February 26, 2025, Netha N. Johnson, Chief Operations Officer of Albemarle Corp, reported transactions involving Albemarle Corp common stock.
- 254 shares were disposed of to cover tax liabilities associated with vesting of Restricted Stock Units at a price of $77.53.
- On February 27, 2025, 3,518 Adjusted ROIC Performance Stock Units granted on 02/25/2022 vested, converting into common stock.
- 1,019 shares were disposed of to meet tax liabilities associated with the vesting of Performance Stock Units at a price of $78.97.
- The reporting person now beneficially owns 42,114 shares of common stock.
- The report also notes that 875 shares were inadvertently excluded from previous reports, representing half of the Restricted Stock Units granted on 02/26/2021 that vested 50% on 2/26/2024 and 50% on 2/26/2025.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common occurrence in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Executive stock transactions are a standard practice in publicly traded companies like Albemarle.
- Companies such as Livent Corporation (LTHM) and Sociedad QuÃmica y Minera de Chile (SQM) also have similar filings when their executives trade company stock.
- The reporting requirements and formats are standardized by the SEC, ensuring consistency across different companies and industries.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- The disclosure provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/26/2021 | Date of grant for Restricted Stock Units, half of which vested on 2/26/2024 and the other half on 2/26/2025 |
| 02/25/2022 | Date of grant for Adjusted ROIC Performance Stock Units |
| 02/26/2024 | 50% of Restricted Stock Units granted on 02/26/2021 vested |
| 02/28/2024 | Date of Form 4 filing where RSUs were reported as outstanding and unvested in Table 2 |
| 02/26/2025 | Disposal of 254 shares to cover tax liabilities associated with vesting of Restricted Stock Units; vesting of remaining 50% of Restricted Stock Units granted on 02/26/2021 |
| 02/27/2025 | Vesting of 3,518 Adjusted ROIC Performance Stock Units; disposal of 1,019 shares to cover tax liabilities |
| 02/28/2025 | Date of report filing |
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