Form 4: LyondellBasell EVP Discloses Share Transactions
Insider Transaction Report
Aaron J. Ledet, EVP of LyondellBasell Industries N.V., reported the sale of 50 Class A Ordinary Shares for tax obligations and updated his beneficial ownership.
Summary
- Aaron J. Ledet, Executive Vice President, I&D & Supply Chain at LyondellBasell Industries N.V. (LYB), reported changes in his beneficial ownership of Class A Ordinary Shares.
- On December 15, 2025, 50 Class A Ordinary Shares were disposed of at a price of $43.34 per share.
- This disposition was due to shares being withheld by the issuer to satisfy tax withholding obligations related to the vesting of 202 restricted stock units granted on December 15, 2022.
- Following this transaction, Mr. Ledet beneficially owns 15,066.5326 Class A Ordinary Shares.
- His total beneficial ownership includes 11,408 restricted stock units (RSUs) with various vesting schedules through February 26, 2028.
- Additional shares were acquired through the Employee Stock Purchase Plan (ESPP): 16.69334 shares at $63.36 on March 31, 2025, and 131.839306 shares at $52.07 on June 30, 2025.
Sentiment
Score: 5
Explanation: Neutral. This is a routine disclosure of an insider transaction, specifically shares withheld for tax purposes, which is a common occurrence and does not indicate a significant positive or negative sentiment regarding the company's performance or outlook.
Positives
- The reporting person continues to hold a significant number of shares and restricted stock units (15,066.5326 Class A Ordinary Shares and 11,408 RSUs), indicating continued alignment with shareholder interests.
- Participation in the Employee Stock Purchase Plan (ESPP) suggests ongoing investment in the company's equity.
Negatives
- The disposition of 50 shares, while for tax purposes, represents a reduction in direct share ownership.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This Form 4 filing is a routine disclosure of an insider transaction, common across all publicly traded industries. It reflects standard executive compensation practices involving restricted stock units and employee stock purchase plans, and the associated tax withholding requirements upon vesting. It does not provide specific insights into broader industry trends or competitive positioning.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney Grant | Aaron J. Ledet granted Power of Attorney to Jeffrey A. Kaplan, Charity R. Kohl, Lara A. Mason, and Nora Elizabeth Campbell to execute and file SEC Forms 3, 4, 5, and Dutch Reporting Forms on his behalf. This ensures compliance with reporting obligations. | 2024-02-19 | Enhances efficiency and ensures timely compliance with insider trading reporting requirements for the named officer. |
Stakeholder Impact
- Shareholders: Provides transparency regarding executive stock ownership and transactions, which is standard for corporate governance.
- Employees: The mention of Restricted Stock Units and an Employee Stock Purchase Plan highlights components of the company's compensation and incentive programs.
Next Steps
- Vesting of 1,453 restricted stock units on February 23, 2026.
- Vesting of 1,232 restricted stock units on February 22, 2026.
- Vesting of 2,497 restricted stock units on February 27, 2026.
- Vesting of 1,232 restricted stock units on February 22, 2027.
- Vesting of 2,497 restricted stock units on February 26, 2027.
- Vesting of 2,497 restricted stock units on February 26, 2028.
Key Dates
| Date | Description |
|---|---|
| 2022-12-15 | Grant date of 202 restricted stock units, from which 50 shares were withheld for tax obligations. |
| 2023-02-23 | Grant date of 1,453 restricted stock units, vesting on February 23, 2026. |
| 2024-02-19 | Date Power of Attorney was executed by Aaron J. Ledet. |
| 2024-02-22 | Grant date of 3,698 restricted stock units, with staggered vesting. |
| 2025-02-22 | Vesting date for 1,234 restricted stock units granted on February 22, 2024. |
| 2025-02-27 | Grant date of 2,497 restricted stock units vesting on February 27, 2026, and another 2,497 vesting on February 26, 2027, and another 2,497 vesting on February 26, 2028. |
| 2025-03-31 | Allocation date for 16.69334 shares purchased via Employee Stock Purchase Plan. |
| 2025-06-30 | Allocation date for 131.839306 shares purchased via Employee Stock Purchase Plan. |
| 2025-12-15 | Transaction date for the disposition of 50 Class A Ordinary Shares for tax withholding. |
| 2025-12-16 | Date the Form 4 was signed and filed. |
| 2026-02-22 | Vesting date for 1,232 restricted stock units granted on February 22, 2024. |
| 2026-02-23 | Vesting date for 1,453 restricted stock units granted on February 23, 2023. |
| 2026-02-27 | Vesting date for 2,497 restricted stock units granted on February 27, 2025. |
| 2027-02-22 | Vesting date for 1,232 restricted stock units granted on February 22, 2024. |
| 2027-02-26 | Vesting date for 2,497 restricted stock units granted on February 27, 2025. |
| 2028-02-26 | Vesting date for 2,497 restricted stock units granted on February 27, 2025. |
Recommendation
holdThis Form 4 filing details a routine insider transaction where a small number of shares were disposed of to cover tax withholding obligations related to RSU vesting. It also updates the executive's total beneficial ownership, which includes substantial RSU holdings and recent ESPP purchases. Such a transaction is a standard part of executive compensation and compliance, and does not indicate any material change in the company's fundamentals or outlook. Therefore, a 'hold' recommendation is appropriate as this filing provides no new information to warrant a change in investment thesis.
Keywords
LyondellBasell, LYB, Aaron J. Ledet, Form 4, Insider Trading, Beneficial Ownership, Restricted Stock Units, Employee Stock Purchase Plan, Executive Compensation, Share Transaction, SEC Filing
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