Form 4: LyondellBasell Executive Vice President and General Counsel Reports Stock Transactions
SEC Form 4
Jeffrey A. Kaplan, EVP and General Counsel of LyondellBasell Industries N.V., reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On February 22, 2025, LyondellBasell withheld 821 Class A Ordinary Shares at a price of $76.96 to cover tax obligations related to vesting restricted stock units.
- On February 24, 2025, LyondellBasell withheld 1,269 Class A Ordinary Shares at a price of $77.31 to cover tax obligations related to vesting restricted stock units.
- Following these transactions, Jeffrey A. Kaplan directly owns 66,477 Class A Ordinary Shares, which includes restricted stock units that will vest in the future.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they relate to tax obligations from vesting restricted stock units.
Key Dates
| Date | Description |
|---|---|
| February 24, 2022 | Grant date of 5,210 restricted stock units that vest on February 24, 2025 |
| February 23, 2023 | Grant date of 5,504 restricted stock units that vest on February 23, 2026 |
| February 22, 2024 | Grant date of 9,655 restricted stock units, vesting in three tranches on February 22, 2025, 2026, and 2027 |
| February 22, 2025 | Withholding of 821 shares for tax obligations related to vesting of restricted stock units. |
| February 23, 2026 | Vesting date of 5,504 restricted stock units granted on February 23, 2023 |
| February 22, 2026 | Vesting date of 3,218 restricted stock units granted on February 22, 2024 |
| February 22, 2027 | Vesting date of 3,218 restricted stock units granted on February 22, 2024 |
| February 24, 2025 | Withholding of 1,269 shares for tax obligations related to vesting of restricted stock units. |
| February 25, 2025 | Date of Form 4 filing. |
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