Form 4: LyondellBasell Executive Kimberly Foley Reports Stock Transactions
SEC Form 4 Filing
Kimberly Foley, EVP at LyondellBasell, reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On February 22, 2025, LyondellBasell withheld 857 Class A Ordinary Shares at $76.96 to cover tax obligations related to vesting restricted stock units.
- Following this transaction, Foley directly owns 44,975.547 Class A Ordinary Shares, including 15,370 restricted stock units.
- On February 24, 2025, LyondellBasell withheld 534 Class A Ordinary Shares at $77.31 to cover tax obligations related to vesting restricted stock units.
- Following this transaction, Foley directly owns 44,441.547 Class A Ordinary Shares, including 13,177 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into insider activity but doesn't necessarily indicate a broader trend within the industry.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the withholding of shares for tax purposes, not open market sales.
Key Dates
| Date | Description |
|---|---|
| 02/24/2022 | Grant date of 2,193 restricted stock units vesting on February 24, 2025 |
| 10/15/2022 | Grant date of 881 restricted stock units vesting on October 15, 2025 |
| 02/23/2023 | Grant date of 5,566 restricted stock units vesting on February 23, 2026 |
| 02/22/2024 | Grant date of 10,095 restricted stock units, with 3,365 vesting annually from February 22, 2025 to February 22, 2027 |
| 02/22/2025 | Withholding of 857 shares for tax obligations related to vesting of restricted stock units |
| 02/24/2025 | Withholding of 534 shares for tax obligations related to vesting of restricted stock units |
| 02/25/2025 | Date of Form 4 filing |
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