Form 4: LyondellBasell EVP & CFO Michael C. McMurray Reports Stock Transactions
SEC Form 4
Michael C. McMurray, EVP & CFO of LyondellBasell Industries N.V., reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On February 22, 2025, LyondellBasell withheld 1,225 Class A Ordinary Shares at a price of $76.96 to cover tax obligations related to vesting restricted stock units.
- Following this transaction, McMurray directly owns 87,633 Class A Ordinary Shares, which includes 25,812 restricted stock units.
- On February 24, 2025, LyondellBasell withheld 1,762 Class A Ordinary Shares at a price of $77.31 to cover tax obligations related to vesting restricted stock units.
- Following this transaction, McMurray directly owns 85,871 Class A Ordinary Shares, which includes 18,576 restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document simply reports stock transactions related to tax obligations.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common among publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the withholding of shares for tax purposes, not a sale on the open market.
Key Dates
| Date | Description |
|---|---|
| 02/22/2024 | Grant date of 14,786 restricted stock units, vesting in three tranches. |
| 02/24/2022 | Grant date of 7,236 restricted stock units, vesting on February 24, 2025. |
| 02/23/2023 | Grant date of 8,720 restricted stock units, vesting on February 23, 2026. |
| 02/22/2025 | Withholding of 1,225 shares for tax obligations related to vesting of restricted stock units. |
| 02/24/2025 | Withholding of 1,762 shares for tax obligations related to vesting of restricted stock units. |
| 02/25/2025 | Date of Form 4 filing. |
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