Form 4: LyondellBasell Director Albert Jude Manifold Reports Share Disposal for Tax Obligations

Director Albert Jude Manifold of LyondellBasell Industries N.V. reports disposal of shares to cover tax obligations following vesting of restricted stock units.

Summary

• On May 18, 2024, LyondellBasell Industries N.V. Director Albert Jude Manifold disposed of 361 Class A Ordinary Shares.
• The shares were withheld by the issuer to satisfy tax withholding obligations related to the vesting of 1,860 restricted stock units.
• The transaction occurred at a price of $100.91 per share.
• Following the transaction, Manifold directly owns 9,021 Class A Ordinary Shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral. This is a routine transaction related to tax obligations and doesn't indicate a significant change in the director's outlook on the company.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies. It doesn't necessarily reflect a change in the director's confidence in the company.

Comparison to Industry Standards

• Tax withholding practices related to vesting of restricted stock units are standard across publicly traded companies.
• Directors often sell shares to cover tax liabilities, and these transactions are typically disclosed via Form 4 filings.

Stakeholder Impact

• The transaction has minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.

Key Dates