Form 4: LyondellBasell Executive's Share Transactions Post-Vesting

LyondellBasell Industries EVP and General Counsel, Jeffrey A. Kaplan, reported transactions involving Class A Ordinary Shares related to performance-based stock unit vesting and tax withholdings.

Summary

• Jeffrey A. Kaplan, Executive Vice President and General Counsel of LyondellBasell Industries N.V., reported transactions on February 18, 2026.
• Disposed of 728 Class A Ordinary Shares at a price of $55.97 per share to satisfy tax withholding obligations in connection with the vesting of performance-based stock units.
• Disposed of 243 Class A Ordinary Shares at a price of $55.97 per share to satisfy tax withholding obligations for accrued dividend equivalents.
• Acquired 2,752 Class A Ordinary Shares at a price of $55.97 per share from the vesting of performance-based stock units granted on February 23, 2023, which fully vested on February 18, 2026.
• Acquired 996 Class A Ordinary Shares at a price of $55.97 per share from the settlement of dividend equivalents that accrued on the performance-based stock units prior to vesting.
• Following these transactions, Mr. Kaplan beneficially owns 88,596 Class A Ordinary Shares directly.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, reflecting routine executive compensation vesting and tax-related share disposals, which are expected and indicate that performance objectives were met, without introducing new material information about the company's operational or financial health.

Positives

• The vesting of performance-based stock units indicates the achievement of certain performance objectives by the company.
• The executive's continued significant beneficial ownership of 88,596 Class A Ordinary Shares aligns management interests with those of shareholders.

Negatives

• Disposal of 971 shares for tax withholding purposes reduces the executive's direct shareholding, although this is a standard practice for equity compensation.

Future Outlook

This Form 4 filing reports past transactions related to executive compensation and does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

StockSavvy.ai notes that executive compensation, particularly through equity awards like performance-based stock units and restricted stock units, is a common practice across the chemicals and plastics industry. These routine filings provide transparency into executive holdings and the execution of pre-established compensation plans, aligning executive incentives with long-term company performance.

Stakeholder Impact

• Shareholders: Provides transparency into executive equity holdings and the execution of compensation plans, which can influence perceptions of management alignment.
• Employees: Reflects standard executive compensation practices within the company.

Next Steps

• Vesting of 5,504 restricted stock units on February 23, 2026.
• Vesting of 3,218 restricted stock units on February 22, 2026.
• Vesting of 4,105 restricted stock units on February 27, 2026.
• Vesting of 3,218 restricted stock units on February 22, 2027.
• Vesting of 4,103 restricted stock units on February 27, 2027.
• Vesting of 4,103 restricted stock units on February 27, 2028.

Key Dates

Recommendation

This Form 4 details routine executive compensation transactions, specifically the vesting of performance-based stock units and associated tax withholdings. It does not provide new information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. The transactions are expected and reflect the execution of pre-existing compensation plans, thus maintaining a 'hold' stance is appropriate.

Keywords

LyondellBasell Industries, LYB, Form 4, Insider Trading, Executive Compensation, Stock Units, Equity Compensation, Share Vesting, Tax Withholding, Jeffrey A. Kaplan