Form 4: LyondellBasell Director's RSU Vesting Leads to Tax-Related Share Withholding

LyondellBasell Industries N.V. Director Albert Jude Manifold reported the vesting of restricted stock units and the subsequent withholding of shares for tax obligations.

Summary

• Director Albert Jude Manifold of LyondellBasell Industries N.V. reported a transaction on May 23, 2025, involving Class A Ordinary Shares.
• 1,692 restricted stock units (RSUs) belonging to Mr. Manifold automatically vested on this date.
• 357 Class A Ordinary Shares were withheld by the issuer at a price of $56.13 per share to satisfy the company's tax withholding obligations related to the RSU vesting.
• Following this transaction, Mr. Manifold beneficially owns 13,273 Class A Ordinary Shares.
• The total beneficial ownership includes 2,917 restricted stock units that are scheduled to vest on May 22, 2026.

Sentiment

Score: 5

Explanation: The document reports a routine insider transaction involving the vesting of restricted stock units and subsequent tax withholding, which is a standard part of executive compensation and does not indicate a significant positive or negative operational or financial event for the company.

Positives

• The vesting of 1,692 restricted stock units for Director Albert Jude Manifold indicates a successful fulfillment of long-term incentive plan conditions, aligning executive interests with shareholder value.

Negatives

• 357 Class A Ordinary Shares were withheld by the issuer to satisfy tax withholding obligations, representing a reduction in the director's direct shareholding from the vested amount.

Future Outlook

Director Albert Jude Manifold holds an additional 2,917 restricted stock units that are scheduled to vest on May 22, 2026, indicating future equity compensation.

Industry Context

This Form 4 filing details a routine insider transaction related to executive compensation, which is specific to LyondellBasell Industries N.V. and does not provide broader insights into industry trends or competitive dynamics.

Related Party Transactions

• The vesting of restricted stock units and subsequent share withholding for tax purposes is a transaction between LyondellBasell Industries N.V. and its director, Albert Jude Manifold, as part of his long-term incentive compensation plan.

Stakeholder Impact

• Shareholders: The transaction represents a routine compensation event for a director and does not indicate a material impact on the company's financial health or share structure beyond the planned equity compensation.
• Employees: No direct impact on general employees is indicated by this filing.

Next Steps

• Vesting of 2,917 restricted stock units for Director Albert Jude Manifold on May 22, 2026.

Key Dates

Keywords

LyondellBasell, LYB, Form 4, insider transaction, RSU vesting, share withholding, director compensation, equity compensation