Form 4: LyondellBasell Director Anthony R. Chase Reports Stock Transactions
SEC Form 4
Director Anthony R. Chase reports disposition and acquisition of LyondellBasell shares, including shares withheld for tax obligations and shares received in lieu of cash retainer.
Summary
- On March 31, 2024, Director Anthony R. Chase reported a disposition of 50 Class A Ordinary Shares to cover tax obligations at a price of $102.28.
- On the same date, Chase also reported the acquisition of 410 Class A Ordinary Shares at $0.00, received in lieu of a cash retainer.
- Following these transactions, Chase beneficially owns 6,676 Class A Ordinary Shares, which includes restricted stock units.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects routine stock transactions by a company director. The acquisition of shares in lieu of cash is a slightly positive signal.
Positives
- Director Chase's decision to receive shares in lieu of cash for his retainer demonstrates confidence in the company's future performance.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common practice for publicly traded companies. It provides transparency to investors regarding the actions of company leadership.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 03/31/2024 | Date of stock disposition and acquisition. |
| 05/18/2023 | Date of grant for 1,860 restricted stock units. |
| 05/18/2024 | Vesting date for 1,860 restricted stock units. |
| 04/02/2024 | Date of signature for the report. |
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