Form 4: LyondellBasell Director Michael Hanley Reports Share Disposal for Tax Obligations
SEC Form 4
Director Michael Sean Hanley of LyondellBasell Industries N.V. reports disposing of 286 Class A Ordinary Shares to cover tax obligations following the vesting of restricted stock units.
Summary
- On May 18, 2024, LyondellBasell Industries N.V. Director Michael Sean Hanley disposed of 286 Class A Ordinary Shares.
- The shares were withheld by the issuer to satisfy tax withholding obligations related to the vesting of 1,860 restricted stock units.
- The transaction price was $100.91 per share.
- Following the transaction, Hanley directly owns 10,586 Class A Ordinary Shares.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to tax obligations, with no indication of positive or negative sentiment.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for company insiders to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/18/2024 | Date of transaction: disposal of shares to cover tax obligations and vesting of restricted stock units. |
| 05/21/2024 | Date of signature on the Form 4 filing. |
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