Form 4: LyondellBasell Director Anthony R. Chase Acquires Shares in Lieu of Cash Retainer
SEC Form 4
Director Anthony R. Chase acquired 351 shares of LyondellBasell Industries N.V. in lieu of a cash retainer, according to a recent SEC filing.
Summary
- On June 28, 2024, Anthony R. Chase, a director of LyondellBasell Industries N.V., acquired 351 Class A Ordinary Shares.
- These shares were received in lieu of a cash retainer, as elected by Chase prior to the beginning of the year.
- The share price was calculated based on an average of $99.21 over the applicable quarter.
- Following the transaction, Chase's direct holdings amount to 8,414 shares, which includes restricted stock units.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. A director taking shares in lieu of cash is generally seen as a positive sign, indicating confidence in the company's future performance.
Positives
- Director's decision to take shares instead of cash shows confidence in the company.
Industry Context
Directors receiving shares in lieu of cash compensation is a fairly common practice, aligning their interests with shareholders.
Stakeholder Impact
- The acquisition of shares by a director can positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| May 23, 2024 | Grant date of 1,692 restricted stock units (RSUs) that vest on May 23, 2025 |
| June 28, 2024 | Date of transaction: Anthony R. Chase acquired 351 Class A Ordinary Shares |
| July 01, 2024 | Date of signature on the SEC Form 4 filing |
| May 23, 2025 | Vesting date for 1,692 restricted stock units (RSUs) |
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