Form 4: LyondellBasell EVP Tracey D. Campbell Reports Stock Transactions to Cover Tax Obligations
SEC Form 4
LyondellBasell's EVP, Tracey D. Campbell, reports disposition of shares to cover tax obligations related to vesting restricted stock units.
Summary
- Tracey D. Campbell, EVP of Sustainability & Corporate Affairs at LyondellBasell Industries N.V., reported transactions involving Class A Ordinary Shares on February 25, 2024.
- The transactions involved the disposition of shares to satisfy tax withholding obligations related to the vesting of restricted stock units.
- A total of 93 shares were disposed of at a price of $99.27, and another 174 shares were disposed of at the same price.
- Following these transactions, Campbell directly owns 8,872.99 Class A Ordinary Shares and indirectly owns 3,990.475 shares through a spouse.
- The reported transactions also account for the vesting of restricted stock units granted in previous years, with future vesting dates extending to February 2027.
Sentiment
Score: 5
Explanation: The document is a standard Form 4 filing, indicating routine stock transactions for tax purposes. It doesn't convey any particularly positive or negative sentiment.
Industry Context
Executive stock transactions are a routine part of corporate governance and are closely monitored by investors for insights into management's perspective on the company's value and future prospects. This transaction appears to be related to tax obligations, which is a common occurrence.
Stakeholder Impact
- The transactions are unlikely to have a significant impact on stakeholders as they are related to tax obligations and do not indicate a change in the executive's long-term commitment to the company.
Key Dates
| Date | Description |
|---|---|
| September 27, 2022 | Date of Power of Attorney execution. |
| February 25, 2021 | Date of restricted stock units granted to the reporting person. |
| February 24, 2022 | Date of restricted stock units granted to the reporting person that vest on February 24, 2025. |
| April 1, 2022 | Date of restricted stock units granted to the reporting person that vest on April 1, 2024. |
| October 15, 2022 | Date of restricted stock units granted to the reporting person that vest on October 15, 2025. |
| February 23, 2023 | Date of restricted stock units granted to the reporting person that vest on February 23, 2026. |
| February 22, 2024 | Date of restricted stock units granted to the reporting person of which 735 vest on February 22, 2025, 735 vest on February 22, 2026 and 735 vest on February 22, 2027. |
| February 25, 2024 | Date of stock transactions reported in Form 4. |
| February 27, 2024 | Date of signature of the Form 4 by Attorney-in-Fact. |
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