Form 4: Albemarle Executive Eric Norris Reports Acquisition and Disposal of Common Stock and Stock Options
SEC Form 4 Filing
Chief Commercial Officer Eric Norris of Albemarle Corporation reports acquiring and disposing of common stock and acquiring stock options on February 27, 2025.
Summary
- On February 27, 2025, Eric Norris, Chief Commercial Officer of Albemarle Corporation, reported transactions involving the company's securities.
- Norris acquired 7,915 shares of common stock at $0 and disposed of 54,511 shares.
- He also acquired 18,492 stock options with an exercise price of $78.97, exercisable from February 27, 2028, and expiring on February 27, 2035.
- Following these transactions, Norris directly owns 18,492 derivative securities.
Sentiment
Score: 5
Explanation: This is a standard regulatory filing reflecting insider transactions. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC when a company insider, in this case, the Chief Commercial Officer, engages in transactions involving the company's securities. It provides transparency to the market regarding the insider's holdings and transactions.
Stakeholder Impact
- Shareholders are informed about the transactions of a key executive, providing insight into potential management perspectives on the company's value.
Key Dates
| Date | Description |
|---|---|
| 02/27/2025 | Date of earliest transaction: Acquisition and disposal of common stock and acquisition of stock options. |
| 02/27/2028 | Date when restricted stock units vest 100%. |
| 02/27/2028 | Date when stock options become exercisable. |
| 02/27/2035 | Expiration date of stock options. |
| 03/03/2025 | Date of signature by Attorney-in-Fact. |
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