Form 4: LyondellBasell Executive James Malcolm Seward Reports Acquisition of Class A Ordinary Shares
SEC Form 4
EVP & Chief Innovation Officer James Malcolm Seward reports acquisition of 6,298 Class A Ordinary Shares of LyondellBasell Industries N.V.
Summary
- James Malcolm Seward, EVP & Chief Innovation Officer of LyondellBasell Industries N.V., reported the acquisition of 6,298 Class A Ordinary Shares on February 27, 2025.
- The shares were acquired at a price of $0.00.
- Following the transaction, Seward beneficially owns 35,887 Class A Ordinary Shares, which includes 12,497 restricted stock units (RSUs).
- The RSUs vest over several years, with some vesting in 2025, 2026, 2027 and 2028.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of an insider transaction. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency to the market regarding the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive stock ownership.
- It can influence investor perception of management's alignment with shareholder interests.
Key Dates
| Date | Description |
|---|---|
| October 15, 2022 | 168 RSUs granted, vesting on October 15, 2025 |
| February 23, 2023 | 2,639 RSUs granted, vesting on February 23, 2026 |
| February 22, 2024 | 5,088 RSUs granted, with vesting dates on February 22, 2025, February 22, 2026 and February 22, 2027 |
| February 22, 2025 | 1,696 RSUs vested |
| February 27, 2025 | Transaction date: Acquisition of 6,298 Class A Ordinary Shares; 2,100 RSUs vest on February 27, 2026, 2,099 vest on February 27, 2027 and 2,099 vest on February 27, 2028 |
| October 15, 2025 | 168 RSUs vest |
| February 23, 2026 | 2,639 RSUs vest |
| February 22, 2026 | 1,696 RSUs vest |
| February 27, 2026 | 2,100 RSUs vest |
| February 22, 2027 | 1,696 RSUs vest |
| February 27, 2027 | 2,099 RSUs vest |
| February 27, 2028 | 2,099 RSUs vest |
| March 03, 2025 | Date of signature by Attorney-in-Fact |
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