Form 4: Albemarle Executive Eric Norris Reports Stock Transactions

Chief Commercial Officer Eric Norris of Albemarle Corp. reports the acquisition and disposal of company stock related to performance stock units and tax liabilities.

Summary

• On February 26, 2025, Eric Norris, Chief Commercial Officer of Albemarle Corporation, reported the withholding of 254 common stock shares to cover tax liabilities related to the vesting of Restricted Stock Units at a price of $77.53.
• He also reported owning 44,097 shares of common stock following this transaction.
• On February 27, 2025, Norris acquired 3,518 shares of common stock upon the vesting of Adjusted ROIC Performance Stock Units, with a payout based on a 200% performance multiplier.
• An additional 1,019 shares were withheld on February 27, 2025, to cover tax liabilities associated with the vesting of these Performance Stock Units at a price of $78.97.
• Following these transactions, Norris beneficially owns 46,596 shares of Albemarle common stock.
• The report also notes that the number of securities beneficially owned includes 875 shares 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: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions by an executive. The vesting of performance stock units is a slightly positive indicator, suggesting the achievement of performance goals.

Positives

• The vesting of Performance Stock Units suggests the achievement of performance targets, potentially reflecting positively on the company's performance.

Industry Context

Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors regarding the buying and selling activities of company executives.

Stakeholder Impact

• Shareholders gain insight into executive compensation and stock ownership through this filing.

Key Dates