Form 4: LyondellBasell Executive Vice President Torkel Rhenman Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Executive Vice President Torkel Rhenman of LyondellBasell Industries N.V. reports disposing of shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- Torkel Rhenman, an Executive Vice President at LyondellBasell Industries N.V., filed a Form 4 detailing changes in beneficial ownership.
- On February 22, 2025, 880 Class A Ordinary Shares were disposed of at a price of $76.96 to cover tax obligations related to vesting of restricted stock units.
- Following this transaction, Rhenman directly owns 75,211 Class A Ordinary Shares, which includes 19,277 restricted stock units.
- On February 24, 2025, an additional 1,454 Class A Ordinary Shares were disposed of at a price of $77.31 to cover tax obligations related to vesting of restricted stock units.
- Following this transaction, Rhenman directly owns 73,757 Class A Ordinary Shares, which includes 13,307 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a significant change in ownership.
Key Dates
| Date | Description |
|---|---|
| 02/22/2024 | Date of grant for 10,421 restricted stock units, vesting in three tranches. |
| 02/22/2025 | Disposal of 880 shares to cover tax obligations related to vesting of restricted stock units; 3,475 RSUs vested. |
| 02/23/2023 | Date of grant for 6,361 restricted stock units, vesting on February 23, 2026. |
| 02/23/2026 | Vesting date for 6,361 restricted stock units granted on February 23, 2023. |
| 02/24/2022 | Date of grant for 5,970 restricted stock units, vesting on February 24, 2025. |
| 02/24/2025 | Disposal of 1,454 shares to cover tax obligations related to vesting of restricted stock units; 5,970 RSUs vested. |
| 02/22/2026 | Vesting date for 3,473 restricted stock units granted on February 22, 2024. |
| 02/22/2027 | Vesting date for 3,473 restricted stock units granted on February 22, 2024. |
| 02/25/2025 | Date of signature for the Form 4 filing. |
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