Form 4: Albemarle Executive Melissa H. Anderson Reports Stock Transactions
SEC Form 4 Filing
Chief People Officer Melissa H. Anderson reports the vesting and conversion of performance stock units and shares withheld for tax liabilities.
Summary
- On January 1, 2025, Melissa H. Anderson, Chief People Officer of Albemarle Corporation, reported transactions involving Albemarle's common stock.
- These transactions included the vesting and conversion of 1,194 performance stock units into common stock.
- Additionally, 409 shares were withheld to cover tax liabilities associated with the vesting of these performance stock units at a price of $86.08 per share.
- Following these transactions, Anderson directly owns 10,306 shares of common stock and indirectly owns 174.8898 shares through the Albemarle Savings Plan.
- The reported holdings include 1,433 Restricted Stock Units (RSUs) granted on February 25, 2022, vesting on February 25, 2025; 1,253 RSUs granted on February 24, 2023, vesting on February 24, 2026; and 2,645 RSUs granted on February 22, 2024, vesting on February 22, 2027.
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 standard practice for publicly traded companies to ensure transparency and compliance with SEC regulations.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the vesting of previously granted equity compensation.
Key Dates
| Date | Description |
|---|---|
| 02/26/2021 | Adjusted ROIC Performance Stock Units granted |
| 02/25/2022 | Grant date of 1,433 Restricted Stock Units (RSUs) vesting on February 25, 2025 |
| 02/24/2023 | Grant date of 1,253 RSUs vesting on February 24, 2026 |
| 02/22/2024 | Grant date of 2,645 RSUs vesting on February 22, 2027 |
| 01/01/2025 | Date of transaction: Vesting of Performance Stock Units and shares withheld for tax liabilities |
| 01/03/2025 | Date of Form 4 signature |
| 02/25/2025 | Vesting date of 1,433 Restricted Stock Units (RSUs) |
| 02/24/2026 | Vesting date of 1,253 RSUs |
| 02/22/2027 | Vesting date of 2,645 RSUs |
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