Form 4: LyondellBasell EVP Kaplan's Stock Transactions

LyondellBasell Industries N.V. EVP and General Counsel Jeffrey A. Kaplan reported RSU vesting, tax-related share disposition, and a new RSU grant.

Summary

• Jeffrey A. Kaplan, Executive Vice President and General Counsel of LyondellBasell Industries N.V., reported changes in his beneficial ownership of Class A Ordinary Shares.
• On February 27, 2026, 4,105 restricted stock units (RSUs) automatically vested.
• 1,000 shares were withheld by the issuer at a price of $57.52 per share to satisfy tax withholding obligations related to the RSU vesting.
• Following these transactions, Kaplan's direct beneficial ownership was 85,471 Class A Ordinary Shares, which included 11,424 previously granted RSUs.
• On February 28, 2026, Kaplan was granted 21,203 new restricted stock units (RSUs) at a price of $0.00.
• These new RSUs will vest in three tranches: 7,069 on February 28, 2027; 7,067 on February 28, 2028; and 7,067 on February 28, 2029.
• After all reported transactions, Kaplan's direct beneficial ownership increased to 106,674 Class A Ordinary Shares, including a total of 32,627 RSUs from various grants.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a routine but positive update, reflecting ongoing executive compensation and alignment of interests through RSU grants and vesting.

Positives

• Grant of 21,203 new restricted stock units (RSUs) to a key executive, aligning management interests with shareholder value.
• Increase in total beneficial ownership of Class A Ordinary Shares from 85,471 to 106,674 following the new RSU grant.

Negatives

• 1,000 shares were disposed of (withheld by the issuer) at $57.52 per share to satisfy tax withholding obligations, reducing the immediate net gain from vested RSUs.

Stakeholder Impact

• Shareholders: Increased alignment of executive interests with shareholder value through equity ownership.
• Employees: Reflects standard executive compensation practices, potentially setting a precedent or expectation for other long-term incentive plan participants.

Next Steps

• Vesting of 7,069 RSUs on February 28, 2027.
• Vesting of 7,067 RSUs on February 28, 2028.
• Vesting of 7,067 RSUs on February 28, 2029.
• Vesting of 3,218 RSUs on February 22, 2027.
• Vesting of 4,103 RSUs on February 27, 2027.
• Vesting of 4,103 RSUs on February 27, 2028.

Key Dates

Keywords

LyondellBasell, LYB, Jeffrey A. Kaplan, Form 4, SEC filing, insider trading, beneficial ownership, restricted stock units, RSU, executive compensation, stock grant, chemical industry