Form 4: LyondellBasell Executive James Seward Reports Stock Transactions
SEC Form 4
EVP & Chief Innovation Officer of LyondellBasell, James Malcolm Seward, reports multiple transactions involving Class A Ordinary Shares, including acquisitions through option exercises and disposals to cover tax obligations.
Summary
- James Malcolm Seward, EVP & Chief Innovation Officer of LyondellBasell Industries N.V., reported transactions involving Class A Ordinary Shares.
- On February 25, 2024, 710 shares were disposed of at $99.27 to cover tax obligations related to vesting restricted stock units.
- On February 26, 2024, Seward exercised stock options to acquire 212 shares at $77.8, 3,340 shares at $94.65, and 4,661 shares at $89.26.
- Also on February 26, 2024, shares were disposed of to cover the option exercise price and anticipated taxes: 190 shares, 3,269 shares and 4,434 shares all at $98.82.
- Following these transactions, Seward directly owns 29,358 Class A Ordinary Shares, which includes 9,663 restricted stock units that will vest in tranches between February 2025 and February 2027.
- Seward also holds options to purchase 6,678 shares at $94.65, 2,330 shares at $89.26 and 424 shares at $77.8.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It is a standard practice for executives to exercise stock options and manage their equity holdings.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 07/26/2019 | Date of Power of Attorney execution. |
| 02/25/2021 | Date of restricted stock units grant related to tax withholding. |
| 02/24/2022 | Date of restricted stock units grant that vest on February 24, 2025. |
| 10/15/2022 | Date of restricted stock units grant that vest on October 15, 2025. |
| 02/23/2023 | Date of restricted stock units grant that vest on February 23, 2026. |
| 02/24/2023 | Date of stock options grant that vested on February 24, 2023. |
| 10/15/2023 | Date of stock options grant that vested on October 15, 2023. |
| 02/22/2024 | Date of restricted stock units grant that vest in tranches between February 2025 and February 2027. |
| 02/23/2024 | Date of stock options grant that vested on February 23, 2024. |
| 02/25/2024 | Date of share disposal to cover tax obligations. |
| 02/26/2024 | Date of stock option exercises and share disposals. |
| 02/27/2024 | Date of Form 4 signature. |
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