Form 4: LyondellBasell Director Anthony R. Chase Reports Stock Transactions
SEC Form 4 Filing
Director Anthony R. Chase reports disposition and acquisition of LyondellBasell (LYB) Class A Ordinary Shares on September 30, 2024, according to a Form 4 filing.
Summary
- On September 30, 2024, Director Anthony R. Chase engaged in transactions involving LyondellBasell Industries N.V. (LYB) Class A Ordinary Shares.
- Chase disposed of 86 shares to cover tax obligations at a price of $95.9 per share.
- He also acquired 472 shares in lieu of cash for his annual retainer, valued at $0.00 per share.
- Following these transactions, Chase beneficially owns 8,800 Class A Ordinary Shares, which includes restricted stock units.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing simply reports required transactions. The acquisition of shares in lieu of cash is a slightly positive signal.
Positives
- The acquisition of shares in lieu of cash retainer demonstrates a continued investment in the company by the director.
Industry Context
This filing is a routine disclosure of insider transactions, which are common among publicly traded companies. These transactions are closely monitored by regulators and investors for compliance with securities laws and potential insights into management's view of the company's prospects.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are routine and do not represent a significant change in ownership.
Key Dates
| Date | Description |
|---|---|
| May 23, 2024 | Grant date of 1,692 restricted stock units that vest May 23, 2025 |
| September 30, 2024 | Date of stock disposal and acquisition. |
| May 23, 2025 | Vesting date for 1,692 restricted stock units. |
| October 02, 2024 | Date of signature on the Form 4 filing. |
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