Form 4: LyondellBasell CEO Peter Vanacker Reports Share Transactions
SEC Form 4
CEO Peter Vanacker reports transactions involving LyondellBasell Industries N.V. Class A Ordinary Shares, including acquisitions and disposals to cover tax obligations related to stock units.
Summary
- Peter Vanacker, CEO of LyondellBasell Industries N.V., reported transactions involving Class A Ordinary Shares on February 26, 2025.
- These transactions include the disposal of 3,676 shares and 14,383 shares to satisfy tax withholding obligations related to dividend equivalents and the vesting of performance-based stock units.
- Vanacker also acquired 36,549 shares related to performance-based stock units and 9,341 shares from the settlement of dividend equivalents.
- Following these transactions, Vanacker beneficially owns 132,236 Class A Ordinary Shares.
- The transactions were executed at a price of $76.2 per share.
Sentiment
Score: 6
Explanation: The document primarily reports routine stock transactions related to executive compensation. The acquisitions due to performance metrics being met are a slightly positive signal, but overall, the sentiment is neutral.
Positives
- The acquisition of 36,549 shares indicates that performance objectives were met, reflecting positively on the company's performance.
- The settlement of dividend equivalents provides additional value to the Reporting Person.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies and are closely monitored by investors for insights into management's confidence in the company's future prospects.
Comparison to Industry Standards
- Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
- The vesting schedules and performance-based criteria are typical components of long-term incentive plans in the chemical industry, similar to companies like Dow and BASF.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation mechanisms.
- Shareholders may view the vesting of performance-based stock units as a positive sign of the company achieving its goals.
Key Dates
| Date | Description |
|---|---|
| 2022/05/23 | Performance-based stock units granted to the Reporting Person. |
| 2023/02/23 | 28,211 restricted stock units granted that vest on February 23, 2026. |
| 2024/02/22 | 46,219 restricted stock units granted of which 15,407 vested on February 22, 2025, 15,406 vest on February 22, 2026 and 15,406 vest on February 22, 2027. |
| 2025/02/22 | 15,407 restricted stock units vested. |
| 2025/02/26 | Date of reported transactions: disposal of shares for tax obligations and acquisition of shares from performance-based stock units and dividend equivalents. |
| 2025/02/28 | Date of signature for the Form 4 filing. |
| 2025/05/23 | 23,132 restricted stock units granted on May 23, 2022 that vest. |
| 2026/02/23 | 28,211 restricted stock units granted on February 23, 2023 that vest. |
| 2026/02/22 | 15,406 restricted stock units vest. |
| 2027/02/22 | 15,406 restricted stock units vest. |
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