Form 4: LyondellBasell CFO's RSU Vesting & Tax Withholding

LyondellBasell's EVP & CFO, Agustin Izquierdo Sabido, reported the vesting of restricted stock units and subsequent tax withholding.

Summary

• Agustin Izquierdo Sabido, Executive Vice President & Chief Financial Officer of LyondellBasell Industries N.V. (LYB), reported a transaction on November 15, 2025.
• 4,741 restricted stock units (RSUs) automatically vested on this date.
• 1,156 shares were withheld by the issuer to satisfy tax withholding obligations.
• The price used for the withholding calculation was $45.3 per share.
• Following this transaction, the reporting person beneficially owns 14,094 Class A Ordinary Shares.
• This total includes 9,725 unvested restricted stock units with various future vesting dates ranging from February 23, 2026, to February 27, 2028.

Sentiment

Score: 5

Explanation: This is a routine insider transaction related to executive compensation (vesting of restricted stock units and subsequent tax withholding). It does not indicate any significant positive or negative operational or financial news for the company.

Positives

• The vesting of 4,741 restricted stock units indicates a portion of the executive's long-term incentive compensation has been realized.
• The executive continues to hold a significant number of shares and unvested RSUs (14,094 shares beneficially owned, including 9,725 RSUs), aligning their interests with shareholders.

Future Outlook

The filing details future vesting schedules for 9,725 restricted stock units, with vesting dates extending through February 27, 2028, indicating continued long-term incentive alignment.

Industry Context

This Form 4 filing reports a routine executive compensation event (RSU vesting and tax withholding) for a senior executive at LyondellBasell Industries N.V., a global chemical company. Such transactions are common across industries as part of long-term incentive plans designed to align executive interests with shareholder value.

Comparison to Industry Standards

• Executive compensation structures involving restricted stock units with multi-year vesting schedules are a standard practice in large public companies, including those in the chemicals and plastics industry.
• This aligns with common corporate governance practices aimed at retaining key talent and incentivizing long-term performance.

Related Party Transactions

• The transaction involves the issuer withholding shares for tax obligations related to executive compensation, which is a standard arrangement between a company and its executive.

Stakeholder Impact

• Shareholders: Minimal direct impact. The transaction is a routine part of executive compensation and does not signal a change in company performance or strategy. It reflects the ongoing alignment of executive interests with long-term shareholder value through equity ownership.

Next Steps

• Future vesting of 9,725 restricted stock units on various dates: February 23, 2026; February 22, 2026; February 22, 2027; April 15, 2026; April 15, 2027; February 27, 2026; February 27, 2027; and February 27, 2028.

Key Dates

Keywords

LyondellBasell Industries N.V., LYB, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, Executive Compensation, Agustin Izquierdo Sabido, CFO, Share Ownership, Tax Withholding