Form 4: LyondellBasell Director Robin W.T. Buchanan Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Director Robin W.T. Buchanan reports disposal of shares to cover tax obligations following vesting of restricted stock units.
Summary
- On May 18, 2024, LyondellBasell Industries N.V. Director Robin W.T. Buchanan disposed of 793 Class A Ordinary Shares to satisfy tax withholding obligations.
- This disposal occurred following the vesting of 1,860 restricted stock units.
- After the transaction, Buchanan directly owns 11,483.186 Class A Ordinary Shares.
Sentiment
Score: 6
Explanation: The document is a routine disclosure of share disposal for tax purposes, which is neither particularly positive nor negative. It's a neutral event in the context of insider trading regulations.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/18/2024 | Date of transaction: 793 shares disposed of to cover tax obligations after vesting of restricted stock units. |
| 05/21/2024 | Date of signature by Attorney-in-Fact. |
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