Form 4: LyondellBasell CEO Peter Vanacker Reports Routine RSU Vesting and Tax-Related Share Disposition

LyondellBasell Industries N.V. CEO and Director Peter Z. E. Vanacker reported the vesting of 23,132 restricted stock units (RSUs) and the subsequent disposition of 9,103 Class A Ordinary Shares to cover tax withholding obligations.

Summary

• On May 23, 2025, LyondellBasell Industries N.V. (LYB) CEO and Director Peter Z. E. Vanacker's restricted stock units (RSUs) automatically vested 23,132 shares.
• Of the vested shares, 9,103 Class A Ordinary Shares were withheld by the issuer at a price of $56.13 per share to satisfy tax withholding obligations.
• Following this transaction, Mr. Vanacker beneficially owns 180,351 Class A Ordinary Shares directly.
• This beneficial ownership includes 116,241 unvested restricted stock units (RSUs) from grants on February 23, 2023, February 22, 2024, and February 27, 2025, with various future vesting dates.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While shares were disposed, it was for a routine tax obligation following a significant RSU vesting, indicating the successful realization of executive compensation and continued long-term incentive alignment.

Positives

• The vesting of 23,132 restricted stock units indicates the realization of executive compensation, aligning management interests with shareholder value.
• The continued holding of a significant number of shares (180,351 Class A Ordinary Shares, including unvested RSUs) by the CEO demonstrates ongoing commitment to the company's performance.

Negatives

• The disposition of 9,103 shares, although for tax purposes, represents a reduction in the CEO's direct shareholding.

Future Outlook

The document details future vesting schedules for 116,241 restricted stock units, indicating continued long-term incentive compensation for the CEO through February 2028.

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction related to executive compensation and does not provide broader industry context or trends.

Related Party Transactions

• The transaction involves the disposition of shares by the CEO to the issuer (LyondellBasell Industries N.V.) to satisfy tax withholding obligations related to the vesting of restricted stock units, which is a common form of related party transaction in executive compensation.

Stakeholder Impact

• Shareholders: Provides transparency into executive compensation and share ownership, indicating alignment of management interests with long-term company performance through RSU vesting.
• Employees: No direct impact mentioned, but reflects the company's executive compensation practices.

Next Steps

• 28,211 restricted stock units are scheduled to vest on February 23, 2026.
• 15,406 restricted stock units are scheduled to vest on February 22, 2026.
• 19,074 restricted stock units are scheduled to vest on February 27, 2026.
• 15,406 restricted stock units are scheduled to vest on February 22, 2027.
• 19,072 restricted stock units are scheduled to vest on February 27, 2027.
• 19,072 restricted stock units are scheduled to vest on February 27, 2028.

Key Dates

Keywords

LyondellBasell, LYB, Form 4, insider transaction, CEO, Peter Vanacker, restricted stock units, RSU vesting, executive compensation, shareholding, tax withholding