Form 4: LyondellBasell EVP's Stock Vesting & Tax Withholding

LyondellBasell EVP Dale Friedrichs reported the vesting of restricted stock units and subsequent tax withholding, adjusting his beneficial ownership.

Summary

• Dale D. Friedrichs, EVP, Operations Excellence, HSE at LyondellBasell Industries N.V., reported a transaction on October 15, 2025.
• 188 restricted stock units (RSUs) automatically vested on this date.
• 74 shares were withheld by the issuer at a price of $46.76 per share to cover tax withholding obligations.
• Following this transaction, Friedrichs beneficially owns 47,530 Class A Ordinary Shares.
• His beneficial ownership includes 18,441 unvested restricted stock units from various grants, with future vesting dates extending to February 2028.

Sentiment

Score: 5

Explanation: The filing reports a routine, pre-scheduled insider transaction (RSU vesting and tax withholding) which is neutral in sentiment and does not indicate any unexpected positive or negative developments for the company.

Positives

• Vesting of 188 restricted stock units for EVP Dale D. Friedrichs, representing compensation realization as part of the long-term incentive plan.

Negatives

• 74 shares were withheld by the issuer to satisfy tax obligations, which is a standard and expected procedure upon RSU vesting and not indicative of a negative event.

Future Outlook

The filing details future vesting schedules for 18,441 restricted stock units, with tranches vesting on February 23, 2026; February 22, 2026; February 27, 2026; February 22, 2027; February 27, 2027; and February 27, 2028.

Industry Context

NA

Stakeholder Impact

• Shareholders: Minor, routine adjustment to an executive's beneficial ownership, reflecting standard compensation practices.
• Employees: Reflects ongoing executive compensation structure, potentially influencing morale or retention for other RSU holders.

Next Steps

• Vesting of 4,296 restricted stock units on February 23, 2026.
• Vesting of 2,428 restricted stock units on February 22, 2026.
• Vesting of 3,097 restricted stock units on February 27, 2026.
• Vesting of 2,428 restricted stock units on February 22, 2027.
• Vesting of 3,096 restricted stock units on February 27, 2027.
• Vesting of 3,096 restricted stock units on February 27, 2028.

Key Dates

Keywords

LyondellBasell, LYB, Dale Friedrichs, EVP, Restricted Stock Units, RSU, Stock Vesting, Insider Transaction, SEC Form 4, Equity Compensation