Form 4: LyondellBasell Director's Restricted Stock Units Vest, Shares Withheld for Taxes

LyondellBasell Industries N.V. Director Rita E. Griffin saw 1,692 restricted stock units vest, with 447 shares withheld by the issuer to cover tax obligations.

Summary

• On May 23, 2025, LyondellBasell Industries N.V. Director Rita E. Griffin's restricted stock units (RSUs) automatically vested.
• A total of 1,692 shares vested from these RSUs.
• The issuer, LyondellBasell, withheld 447 shares to satisfy tax withholding obligations related to the vesting.
• The shares withheld for tax purposes were valued at $56.13 per share.
• Following this transaction, Rita E. Griffin beneficially owns 5,672 Class A Ordinary Shares directly.
• This beneficial ownership includes 2,917 restricted stock units that are scheduled to vest on May 22, 2026, as part of the issuer's long-term incentive plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. It's a routine compensation event (vesting of RSUs) which is positive for the individual, but has no significant direct impact on the company's operational or financial performance. The withholding of shares for tax is a standard, expected procedure.

Positives

• The vesting of 1,692 restricted stock units represents a realization of compensation for Director Rita E. Griffin, aligning her interests with shareholders.
• The transaction is a routine part of the company's long-term incentive plan, indicating stable compensation practices for its directors.

Negatives

• 447 shares were withheld by the issuer to cover tax withholding obligations, reducing the net shares received by the director, which is a standard procedure for RSU vesting.

Future Outlook

Director Rita E. Griffin holds an additional 2,917 restricted stock units that are scheduled to vest on May 22, 2026, indicating future equity compensation realization.

Industry Context

This Form 4 filing is a standard disclosure for insider transactions, specifically the vesting of equity compensation for a director. Such filings are routine across all publicly traded companies and provide transparency into executive and director stock ownership changes, which is a common practice in corporate governance and compensation structures within the chemicals and plastics industry.

Related Party Transactions

• The vesting of restricted stock units is a transaction between the company (issuer) and a director (reporting person), which constitutes a related party transaction as part of the director's compensation.

Stakeholder Impact

• Shareholders: This is a routine disclosure of director compensation and equity ownership, providing transparency without direct material impact on company operations or financial health.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

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

Key Dates

Keywords

LyondellBasell Industries N.V., LYB, Form 4, SEC filing, insider transaction, restricted stock units, RSU vesting, director compensation, equity ownership, tax withholding