Form 4: LyondellBasell CEO Peter Vanacker Reports Share Disposal for Tax Obligations
SEC Form 4
LyondellBasell's CEO, Peter Vanacker, disposed of 4,187 Class A Ordinary Shares to cover tax obligations related to vesting restricted stock units.
Summary
- On May 23, 2024, Peter Vanacker, CEO of LyondellBasell Industries N.V., disposed of 4,187 Class A Ordinary Shares.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of 10,640 shares of restricted stock units granted on May 23, 2022.
- The shares were disposed of at a price of $97.42 per share.
- Following the transaction, Vanacker beneficially owns 110,468 Class A Ordinary Shares, which includes 97,562 restricted stock units (RSUs) vesting at various dates in the future.
Sentiment
Score: 6
Explanation: The document is a standard regulatory filing related to stock transactions. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This is a routine Form 4 filing, reflecting the disposal of shares by a company executive to cover tax obligations related to vested equity compensation. Such transactions are common and generally don't indicate a change in the executive's long-term outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 05/23/2022 | Date of grant of 23,132 restricted stock units that vest on May 23, 2025 |
| 02/23/2023 | Date of grant of 28,211 restricted stock units that vest on February 23, 2026 |
| 02/22/2024 | Date of grant of 46,219 restricted stock units of which 15,407 vest on February 22, 2025, 15,406 vest on February 22, 2026 and 15,406 vest on February 22, 2027 |
| 05/23/2024 | Date of transaction: Disposal of 4,187 shares to cover tax obligations. |
| 05/28/2024 | Date of signature on the Form 4 filing. |
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