Form 4: LyondellBasell Director Lincoln E. Benet Reports Acquisition of Class A Ordinary Shares
SEC Form 4
Director Lincoln E. Benet reports acquisition of 1,692 Class A Ordinary Shares of LyondellBasell Industries N.V. through restricted stock units.
Summary
- On May 23, 2024, Lincoln E. Benet, a director of LyondellBasell Industries N.V., acquired 1,692 Class A Ordinary Shares.
- The acquisition was through the granting of restricted stock units (RSUs) at a price of $0.00.
- Following the transaction, Benet directly owns 10,396 Class A Ordinary Shares.
- The RSUs vest on May 23, 2025.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a standard disclosure of stock grants to a director. It doesn't inherently indicate positive or negative performance.
Positives
- The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.
Industry Context
This filing is a routine disclosure related to executive compensation and insider ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's long-term performance.
Key Dates
| Date | Description |
|---|---|
| 05/23/2024 | Date of transaction: Acquisition of 1,692 Class A Ordinary Shares through RSUs. |
| 05/23/2025 | Vesting date for the 1,692 RSUs granted on May 23, 2024. |
| 05/28/2024 | Date of signature for the Form 4 filing. |
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