Form 4: LyondellBasell Executive Chukwuemeka Oyolu Reports Stock Transactions
SEC Form 4
Chukwuemeka Oyolu, SVP, CAO & Investor Relations at LyondellBasell, reports disposition of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On August 15, 2024, Chukwuemeka A. Oyolu, SVP, CAO & Investor Relations at LyondellBasell Industries N.V., reported the disposition of Class A Ordinary Shares.
- A total of 2,033 shares were disposed of at a price of $97.44 to cover tax obligations related to the vesting of 5,165 restricted stock units granted on August 15, 2021.
- An additional 394 shares were disposed of at $97.44 to cover tax obligations related to the vesting of 999 restricted stock units granted on August 15, 2021.
- Following these transactions, Oyolu beneficially owns 25,148 Class A Ordinary Shares, including 10,240 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions related to executive compensation. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies. It provides transparency into insider transactions and beneficial ownership.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they relate to routine tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 08/15/2021 | Date of original grant of 5,165 and 999 restricted stock units. |
| 02/24/2022 | Grant date of 2,687 restricted stock units vesting on February 24, 2025. |
| 02/23/2023 | Grant date of 2,802 restricted stock units vesting on February 23, 2026. |
| 02/22/2024 | Grant date of 4,751 restricted stock units vesting in tranches from February 22, 2025 to February 22, 2027. |
| 08/15/2024 | Transaction date for the disposition of shares to cover tax obligations. |
| 08/16/2024 | Date of signature for the Form 4 filing. |
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