Form 4: LyondellBasell EVP & CFO Michael McMurray Reports Share Transactions
SEC Form 4
LyondellBasell's EVP & CFO, Michael McMurray, reports transactions involving Class A Ordinary Shares, including acquisitions to cover tax obligations and vesting of performance-based stock units.
Summary
- Michael McMurray, EVP & CFO of LyondellBasell Industries N.V., reported transactions involving Class A Ordinary Shares on February 26, 2025.
- He disposed of 4,379 shares at $76.2 to cover tax withholding obligations related to vesting performance-based stock units.
- An additional 1,219 shares were disposed of at $76.2 to cover tax withholding obligations for dividend equivalents accrued on performance-based stock units.
- McMurray acquired 11,433 shares at $76.2 related to previously granted performance-based stock units that vested on February 26, 2025.
- He also acquired 3,097 shares at $76.2 from the settlement of dividend equivalents that accrued on the performance-based stock units prior to vesting.
- Following these transactions, McMurray beneficially owns 94,803 Class A Ordinary Shares.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The transactions are routine and related to compensation. The vesting of performance-based stock units is a slightly positive signal.
Positives
- The vesting of performance-based stock units indicates that performance objectives were met, which is a positive signal.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| February 24, 2022 | Date of original grant of performance-based stock units. |
| February 23, 2023 | Date of grant of 8,720 restricted stock units that vest on February 23, 2026. |
| February 22, 2024 | Date of grant of 14,786 restricted stock units, vesting in tranches on February 22, 2025, 2026, and 2027. |
| February 22, 2025 | 4,930 restricted stock units granted on February 22, 2024 vested. |
| February 26, 2025 | Date of reported transactions: disposal of shares for tax obligations and acquisition of shares from vested performance-based stock units and dividend equivalents. |
| February 28, 2025 | Date of signature on the Form 4 filing. |
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