Form 4: LyondellBasell Director Lincoln Benet Reports Acquisition of Restricted Stock Units
Insider Transaction Report (Form 4)
LyondellBasell Industries N.V. Director Lincoln E. Benet reported the acquisition of 2,917 Class A Ordinary Shares in the form of restricted stock units (RSUs) as part of the company's long-term incentive plan.
Summary
- LyondellBasell Industries N.V. Director Lincoln E. Benet acquired 2,917 Class A Ordinary Shares on May 22, 2025.
- These shares were acquired as Restricted Stock Units (RSUs) with a reported price of $0.00, indicating a grant rather than a purchase.
- The 2,917 RSUs are scheduled to vest on May 22, 2026.
- Following this transaction, Mr. Benet beneficially owns a total of 13,313 Class A Ordinary Shares.
- The total beneficial ownership includes 4,609 restricted stock units, with 1,692 of these having been granted on May 23, 2024, and vesting on May 23, 2025.
Sentiment
Score: 6
Explanation: The filing indicates a routine grant of restricted stock units to a director, aligning their interests with shareholders, which is generally viewed as a positive aspect of corporate governance and compensation structure.
Positives
- The grant of Restricted Stock Units (RSUs) to a director aligns their long-term interests with those of the shareholders, as the value of the compensation is tied to the company's stock performance.
Future Outlook
The document indicates that the 2,917 Restricted Stock Units granted to Director Lincoln E. Benet are scheduled to vest on May 22, 2026, aligning future compensation with long-term company performance.
Industry Context
The grant of Restricted Stock Units (RSUs) to directors is a common practice in publicly traded companies across various industries, serving as a form of long-term incentive compensation designed to align the interests of management and directors with those of shareholders.
Stakeholder Impact
- Shareholders: The RSU grant aligns the director's financial interests with the long-term performance of the company, potentially encouraging decisions that benefit shareholder value.
Next Steps
- The 2,917 Restricted Stock Units granted to Director Lincoln E. Benet are expected to vest on May 22, 2026.
Key Dates
| Date | Description |
|---|---|
| 05/23/2024 | Date 1,692 restricted stock units (RSUs) were granted to the reporting person. |
| 05/22/2025 | Date of transaction for the acquisition of 2,917 Class A Ordinary Shares (RSUs). |
| 05/23/2025 | Date 1,692 restricted stock units (RSUs) vested. |
| 05/27/2025 | Date the Form 4 filing was signed by the attorney-in-fact. |
| 05/22/2026 | Date the 2,917 restricted stock units (RSUs) reported in this filing are scheduled to vest. |
Keywords
LyondellBasell Industries N.V., LYB, SEC Form 4, Insider Transaction, Beneficial Ownership, Restricted Stock Units, RSU, Director Compensation, Equity Grant
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