Form 4: LyondellBasell Executive Sells Shares
SEC Form 4
Dale D. Friedrichs, an Executive Vice President at LyondellBasell Industries N.V., sold 4,970 Class A Ordinary Shares at a price of $96.78 on August 20, 2024.
Summary
- On August 20, 2024, Dale D. Friedrichs, an EVP at LyondellBasell Industries N.V., sold 4,970 Class A Ordinary Shares.
- The sale price was $96.78 per share.
- Following the transaction, Friedrichs directly owns 34,220 shares.
- This includes 15,272 restricted stock units (RSUs) that are scheduled to vest at various dates in the future.
Sentiment
Score: 5
Explanation: This is a routine disclosure of an executive's share sale. It doesn't inherently indicate positive or negative sentiment about the company's future prospects.
Industry Context
Executive share sales are a common occurrence and are often related to personal financial planning rather than a reflection of the executive's view of the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 02/24/2022 | Grant date of 3,503 RSUs vesting on February 24, 2025 |
| 10/15/2022 | Grant date of 188 RSUs vesting on October 15, 2025 |
| 02/23/2023 | Grant date of 4,296 RSUs vesting on February 23, 2026 |
| 02/22/2024 | Grant date of 7,285 RSUs with vesting dates on February 22, 2025, February 22, 2026 and February 22, 2027 |
| 08/20/2024 | Date of share sale transaction |
| 08/22/2024 | Date of Form 4 filing |
| 02/22/2025 | Vesting date of 2,429 RSUs |
| 02/24/2025 | Vesting date of 3,503 RSUs |
| 10/15/2025 | Vesting date of 188 RSUs |
| 02/22/2026 | Vesting date of 2,428 RSUs |
| 02/23/2026 | Vesting date of 4,296 RSUs |
| 02/22/2027 | Vesting date of 2,428 RSUs |
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