Form 4: LyondellBasell Executive Dale D. Friedrichs Reports Stock Transactions
SEC Form 4 Filing
EVP Dale D. Friedrichs reports disposition of LyondellBasell shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On February 22, 2025, Dale D. Friedrichs, an Executive Vice President at LyondellBasell Industries N.V., disposed of 535 Class A Ordinary Shares at a price of $76.96 to cover tax obligations related to vesting of restricted stock units.
- Following this transaction, Friedrichs directly owns 33,685 Class A Ordinary Shares, which includes 12,843 restricted stock units.
- On February 24, 2025, Friedrichs disposed of 908 Class A Ordinary Shares at a price of $77.31 to cover tax obligations related to vesting of restricted stock units.
- Following this transaction, Friedrichs directly owns 32,777 Class A Ordinary Shares, which includes 9,340 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions related to tax obligations, indicating a neutral sentiment.
Industry Context
Executive stock transactions are a routine part of corporate governance and compensation practices. These transactions are closely watched by investors for insights into management's perspective on the company's performance and future prospects.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a significant change in ownership.
Key Dates
| Date | Description |
|---|---|
| 02/24/2022 | Grant date of 3,503 restricted stock units that vest on February 24, 2025 |
| 10/15/2022 | Grant date of 188 restricted stock units that vest on October 15, 2025 |
| 02/23/2023 | Grant date of 4,296 restricted stock units that vest on February 23, 2026 |
| 02/22/2024 | Grant date of 7,285 restricted stock units of which 2,429 vested on February 22, 2025, 2,428 vest on February 22, 2026 and 2,428 vest on February 22, 2027 |
| 02/22/2025 | Disposition of 535 shares to cover tax obligations related to vesting of restricted stock units. |
| 02/24/2025 | Disposition of 908 shares to cover tax obligations related to vesting of restricted stock units. |
| 02/25/2025 | Date of report filing. |
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