Form 4: LyondellBasell EVP & CFO Michael McMurray Executes Stock Option and Sells Shares
SEC Form 4
LyondellBasell's EVP & CFO, Michael McMurray, exercised stock options and sold shares on March 12, 2024, according to a Form 4 filing.
Summary
- On March 12, 2024, Michael McMurray, EVP & CFO of LyondellBasell Industries N.V., exercised stock options to acquire 16,940 Class A Ordinary Shares at a price of $78.15 per share.
- Simultaneously, McMurray sold 16,940 Class A Ordinary Shares at a weighted-average price of $100.8394, with individual sales prices ranging from $100.67 to $100.98.
- Following these transactions, McMurray beneficially owns 88,858 Class A Ordinary Shares and stock options for 0.00 shares.
- The stock options were granted pursuant to the issuer's long-term incentive plan and were fully vested at the time of exercise.
- McMurray also holds 30,742 restricted stock units (RSUs) that will vest in tranches between February 2025 and February 2027.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of insider trading activity. The transactions themselves don't necessarily indicate a positive or negative outlook for the company.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions and provides transparency to investors regarding the trading activities of company executives.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| July 9 2019 | Date of Power of Attorney |
| February 24, 2022 | Date of RSU grant for 7,236 shares vesting on February 24, 2025 |
| February 23, 2023 | Date of RSU grant for 8,720 shares vesting on February 23, 2026 |
| February 22, 2024 | Date of RSU grant for 14,786 shares vesting in tranches between February 2025 and February 2027 |
| March 12, 2024 | Date of stock option exercise and share sale |
| March 14, 2024 | Date of Form 4 filing |
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