Form 4: LyondellBasell Executive Torkel Rhenman Reports Stock Transactions

EVP Torkel Rhenman reports transactions involving LyondellBasell Industries N.V. Class A Ordinary Shares, including acquisitions and disposals to cover tax obligations related to stock units.

Summary

• On February 26, 2025, Torkel Rhenman, EVP of Advanced Polymer Solutions at LyondellBasell Industries N.V., reported transactions involving Class A Ordinary Shares.
• These transactions included the disposal of 1,006 shares at $76.2 to cover tax withholding obligations for dividend equivalents related to performance-based stock units granted on February 24, 2022.
• An additional 3,179 shares were disposed of at $76.2 to satisfy tax withholding obligations related to the vesting of 9,433 performance-based stock units granted on February 24, 2022.
• Rhenman also acquired 9,433 shares at $76.2 related to performance-based stock units that vested on February 26, 2025, and 2,555 shares at $76.2 from the settlement of dividend equivalents.
• Following these transactions, Rhenman beneficially owns 81,560 Class A Ordinary Shares, which includes 13,307 restricted stock units (RSUs) vesting in February 2026 and February 2027.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the filing primarily reports routine transactions related to executive compensation. The vesting of performance-based stock units is a slightly positive indicator.

Positives

• The vesting of performance-based stock units indicates that certain performance objectives were met, which is a positive sign for the company's performance.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It's common for executives to sell shares to cover tax obligations related to vesting equity awards.

Comparison to Industry Standards

• LyondellBasell's long-term incentive plan, which includes restricted stock units and performance-based stock units, is a common practice among large, publicly traded companies to align executive compensation with company performance and shareholder value.
• Companies like Dow Chemical, BASF, and ExxonMobil also utilize similar equity-based compensation plans for their executives.
• The vesting schedules and performance metrics associated with these plans vary by company but generally aim to incentivize long-term growth and profitability.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
• The vesting of performance-based stock units could indirectly benefit shareholders if it reflects strong company performance.

Key Dates