Form 4: LyondellBasell EVP Reports RSU Vesting, Tax Withholding
Insider Transaction Report
LyondellBasell's EVP of Advanced Polymer Solutions, Torkel Rhenman, reported the vesting of restricted stock units and subsequent tax-related share withholdings.
Summary
- Torkel Rhenman, EVP, Adv Polymer Solutions at LyondellBasell Industries N.V. (LYB), reported changes in beneficial ownership.
- On February 22, 2026, 3,473 restricted stock units (RSUs) automatically vested, with 846 shares withheld by the issuer to satisfy tax withholding obligations at a price of $56.67 per share.
- On February 23, 2026, 6,361 restricted stock units (RSUs) automatically vested, with 1,549 shares withheld by the issuer to satisfy tax withholding obligations at a price of $56.66 per share.
- Following these reported transactions, Torkel Rhenman directly beneficially owns 95,480 Class A Ordinary Shares.
- Remaining unvested restricted stock units total 16,567, with vesting dates scheduled through February 27, 2028.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine executive compensation transactions (RSU vesting and tax withholdings) and does not contain information impacting the company's operational or financial outlook.
Positives
- Executive Torkel Rhenman received vested restricted stock units totaling 9,834 shares (3,473 + 6,361) over two days, representing a realization of equity compensation.
Negatives
- 846 Class A Ordinary Shares were withheld by the issuer on February 22, 2026, at $56.67 per share to cover tax obligations.
- 1,549 Class A Ordinary Shares were withheld by the issuer on February 23, 2026, at $56.66 per share to cover tax obligations.
Risks
- NA
Future Outlook
This filing does not contain forward-looking statements regarding the company's operational or financial performance, focusing instead on executive compensation transactions and future vesting schedules for restricted stock units.
Management Comments
- NA
Industry Context
StockSavvy.ai notes that Form 4 filings are routine disclosures for executive compensation and do not typically provide insights into broader industry trends or competitive positioning. This filing reflects standard equity compensation practices within the chemicals and polymers sector, where long-term incentive plans often include restricted stock units.
Comparison to Industry Standards
- NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
Legal Proceedings
- NA
Related Party Transactions
- Restricted stock units (RSUs) granted to EVP Torkel Rhenman vested, leading to the issuance of shares and subsequent withholding of shares by the issuer to cover tax obligations, which is a standard related-party transaction for executive compensation.
Stakeholder Impact
- Shareholders: Provides transparency on executive compensation practices and the routine vesting of equity awards.
- Employees: Reflects the company's ongoing use of equity-based compensation as part of its long-term incentive plan for executives.
Next Steps
- Vesting of 4,366 RSUs granted on February 27, 2025, scheduled for February 27, 2026.
- Vesting of 3,473 RSUs granted on February 22, 2024, scheduled for February 22, 2027.
- Vesting of 4,364 RSUs granted on February 27, 2025, scheduled for February 27, 2027.
- Vesting of 4,364 RSUs granted on February 27, 2025, scheduled for February 27, 2028.
Key Dates
| Date | Description |
|---|---|
| 02/23/2023 | Grant date for 6,361 RSUs that vested on February 23, 2026. |
| 02/22/2024 | Grant date for 3,473 RSUs that vest on February 22, 2027. |
| 02/27/2025 | Grant date for 4,366 RSUs that vest on February 27, 2026; 4,364 RSUs that vest on February 27, 2027; and 4,364 RSUs that vest on February 27, 2028. |
| 02/22/2026 | Vesting date for 3,473 RSUs; 846 shares withheld for taxes at $56.67. |
| 02/23/2026 | Vesting date for 6,361 RSUs; 1,549 shares withheld for taxes at $56.66. |
| 02/24/2026 | Signature date of the filing by Attorney-in-Fact. |
| 02/27/2026 | Vesting date for 4,366 RSUs granted on February 27, 2025. |
| 02/22/2027 | Vesting date for 3,473 RSUs granted on February 22, 2024. |
| 02/27/2027 | Vesting date for 4,364 RSUs granted on February 27, 2025. |
| 02/27/2028 | Vesting date for 4,364 RSUs granted on February 27, 2025. |
Recommendation
holdThis Form 4 filing details routine executive compensation events (RSU vesting and tax withholdings) and does not provide new information regarding the company's operational performance, financial health, or strategic direction. As such, it offers no basis for a change in investment recommendation, suggesting a 'hold' position is appropriate based solely on this filing.
Keywords
LyondellBasell, LYB, Form 4, Insider Trading, Restricted Stock Units, RSU, Beneficial Ownership, Executive Compensation, Torkel Rhenman, Chemicals, Polymers
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