Form 4: LyondellBasell Director Rita Griffin Increases Stake Through RSU Grant

LyondellBasell Industries N.V. Director Rita E. Griffin has acquired 2,917 Class A Ordinary Shares through a restricted stock unit grant, increasing her direct beneficial ownership to 6,119 shares.

Summary

• Rita E. Griffin, a Director of LyondellBasell Industries N.V. (LYB), acquired 2,917 Class A Ordinary Shares.
• The acquisition occurred on May 22, 2025, and was a grant of restricted stock units (RSUs) with a price of $0.00 per share.
• Following this transaction, Ms. Griffin directly beneficially owns a total of 6,119 Class A Ordinary Shares.
• The 2,917 RSUs reported in this filing are scheduled to vest on May 22, 2026.
• Her total beneficial ownership of 6,119 shares includes 4,609 RSUs granted under the issuer's long-term incentive plan, of which 1,692 RSUs granted on May 23, 2024, vested on May 23, 2025.

Sentiment

Score: 6

Explanation: The filing indicates a routine equity grant to a director, which is a positive for aligning interests but does not provide significant new information to alter overall sentiment. It's a standard corporate governance practice.

Positives

• The grant of restricted stock units to a director aligns their interests with those of shareholders, incentivizing long-term performance.
• The increase in direct beneficial ownership by a director demonstrates continued commitment to the company.

Future Outlook

The 2,917 restricted stock units granted to Director Rita E. Griffin are scheduled to vest on May 22, 2026, indicating a future equity inflow for the director contingent on continued service.

Industry Context

The granting of restricted stock units (RSUs) to non-employee directors is a common practice across various industries, including the chemicals and plastics sector where LyondellBasell operates. This method of compensation is widely used to align the interests of directors with long-term shareholder value creation.

Comparison to Industry Standards

• The use of restricted stock units (RSUs) as a component of director compensation is a standard practice in corporate governance across global markets.
• Companies like Dow Inc. (DOW), BASF SE (BASFY), and ExxonMobil (XOM) also utilize equity-based compensation plans for their directors to foster long-term alignment.
• The specific number of units granted would typically be benchmarked against peer companies of similar size and complexity within the chemicals and refining industry, though this filing does not provide enough detail for a direct quantitative comparison of the grant size itself.

Corporate Governance

Related Party Transactions

• The grant of restricted stock units to a director constitutes a related party transaction, as it involves compensation from the company to a member of its board.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's interests with shareholders, potentially leading to better long-term decision-making focused on share price appreciation.

Next Steps

• The 2,917 restricted stock units granted to Rita E. Griffin are expected to vest on May 22, 2026.

Key Dates

Keywords

LyondellBasell Industries, LYB, SEC Form 4, insider transaction, director compensation, restricted stock units, RSU grant, equity ownership