Form 4: LyondellBasell Executive Matthew D. Hayes Reports Acquisition of Class A Ordinary Shares
SEC Form 4 Filing
Matthew D. Hayes, SVP & CAO of LyondellBasell Industries N.V., reports the acquisition of 489 Class A Ordinary Shares on April 15, 2025, at $0.00 per share.
Summary
- On April 15, 2025, Matthew D. Hayes, SVP & CAO of LyondellBasell Industries N.V., acquired 489 Class A Ordinary Shares.
- The shares were acquired at a price of $0.00 per share.
- Following the transaction, Hayes directly owns 4,864.7703 Class A Ordinary Shares.
- The reported transaction also relates to restricted stock units (RSUs) that vest over several years.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by an executive and the grant of RSUs are generally viewed as positive signals, indicating confidence in the company's future.
Positives
- The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.
- The grant of RSUs aligns the executive's interests with those of the shareholders, incentivizing long-term value creation.
Industry Context
Executive stock ownership is a common practice in publicly traded companies to align management's interests with those of shareholders. Grants of restricted stock units are a typical component of executive compensation packages in the industry.
Comparison to Industry Standards
- Comparing LyondellBasell's executive compensation structure to peers like Dow Chemical, BASF, and ExxonMobil would provide a better understanding of whether the RSU grants and stock ownership are in line with industry norms.
- Benchmarking the vesting schedules and the number of RSUs granted to executives in similar roles at these companies would offer further context.
Stakeholder Impact
- The reported transactions have a minor positive impact on shareholders as it aligns executive interests with shareholder value.
- Employees may view the RSU grants as a positive sign of the company's commitment to its executives.
Key Dates
| Date | Description |
|---|---|
| February 23, 2023 | 417 RSUs granted, vesting on February 23, 2026 |
| February 22, 2024 | 237 RSUs granted, vesting on February 22, 2026 |
| February 22, 2024 | 237 RSUs granted, vesting on February 22, 2027 |
| October 15, 2024 | 624 RSUs granted, vesting on October 15, 2025 |
| October 15, 2024 | 623 RSUs granted, vesting on October 15, 2026 |
| February 27, 2025 | 307 RSUs granted, vesting on February 27, 2026 |
| February 27, 2025 | 305 RSUs granted, vesting on February 27, 2027 |
| February 27, 2025 | 305 RSUs granted, vesting on February 27, 2028 |
| April 15, 2025 | Matthew D. Hayes acquired 489 Class A Ordinary Shares |
| April 15, 2026 | 163 RSUs vest |
| April 15, 2027 | 182 RSUs vest |
| April 15, 2028 | 163 RSUs vest |
Keywords
LyondellBasell, Matthew D. Hayes, Class A Ordinary Shares, RSUs, Beneficial Ownership, Form 4, Securities, Acquisition
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