Form 4: LyondellBasell Executive Friedrichs Reports Stock Transactions
SEC Form 4 Filing
Dale D. Friedrichs, an Executive Vice President at LyondellBasell, reports multiple transactions involving Class A Ordinary Shares, including acquisitions to cover tax obligations and vesting of performance-based stock units.
Summary
- On February 26, 2025, Dale D. Friedrichs, EVP at LyondellBasell, reported several transactions involving Class A Ordinary Shares.
- These transactions include the disposal of shares to cover tax withholding obligations related to vesting stock units.
- Friedrichs also acquired shares through the vesting of performance-based stock units and settlement of dividend equivalents.
- The price per share for these transactions was $76.2.
- Following these transactions, Friedrichs directly owns 38,315 Class A Ordinary Shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment. It reflects routine executive compensation activities.
Industry Context
Executive stock transactions are a routine part of corporate governance and are closely watched by investors for insights into management's perspective on the company's performance and future prospects.
Comparison to Industry Standards
- Executive compensation packages, including stock options and restricted stock units, are common across publicly traded companies.
- The vesting schedules and performance-based criteria are typical components designed to align executive interests with shareholder value.
- Companies like Dow, BASF, and ExxonMobil also utilize similar equity-based compensation plans for their executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- They provide transparency into executive compensation and alignment with shareholder interests.
Key Dates
| Date | Description |
|---|---|
| October 15, 2022 | Grant date of performance-based stock units, some of which vested on February 26, 2025. |
| February 24, 2022 | Grant date of performance-based stock units, some of which vested on February 26, 2025. |
| February 23, 2023 | Grant date of restricted stock units (RSUs) that vest on February 23, 2026. |
| February 22, 2024 | Grant date of restricted stock units (RSUs) that vest in tranches from February 22, 2025 to February 22, 2027. |
| February 22, 2025 | Vesting date of a portion of RSUs granted on February 22, 2024. |
| February 26, 2025 | Date of reported transactions, including disposal of shares for tax obligations and acquisition of shares from vesting stock units and dividend equivalents. |
| February 28, 2025 | Date of signature for the Form 4 filing. |
| October 15, 2025 | Vesting date of RSUs granted on October 15, 2022. |
| February 23, 2026 | Vesting date of RSUs granted on February 23, 2023. |
| February 22, 2026 | Vesting date of a portion of RSUs granted on February 22, 2024. |
| February 22, 2027 | Vesting date of a portion of RSUs granted on February 22, 2024. |
Keywords
LyondellBasell, Friedrichs, Class A Ordinary Shares, Stock Transactions, Form 4, Executive Compensation, Vesting, Dividend Equivalents
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