Form 4: Albemarle Director O'Connell Divests 3,720 Shares in Asset Division
SEC Form 4 Filing
Director Diarmuid B. O'Connell reported the disposition of 3,720 shares of Albemarle Corp common stock due to an agreement of division of assets.
Summary
- On January 29, 2025, Diarmuid B. O'Connell, a director of Albemarle Corporation, disposed of 3,720 shares of common stock.
- The transaction was executed at a price of $0 per share.
- This disposition was made pursuant to an agreement of division of assets.
- Following the transaction, O'Connell directly owns 5,471 shares of Albemarle Corp.
- The form was signed by Stefanie M. Holland, Attorney-in-Fact, on January 30, 2025.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to a director's stock transaction due to an asset division agreement, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This particular filing indicates a personal asset division rather than a reflection of the director's view on the company's prospects.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is related to personal asset division.
Key Dates
| Date | Description |
|---|---|
| 01/29/2025 | Date of transaction: Diarmuid B. O'Connell disposed of 3,720 shares of Albemarle Corp common stock. |
| 01/30/2025 | Date of signature: Form 4 signed by Stefanie M. Holland, Attorney-in-Fact. |
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