Form 4: LyondellBasell Executive VP Yvonne van der Laan Reports Stock Transactions
SEC Form 4 Filing
Executive VP of LyondellBasell, Yvonne van der Laan, reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- Yvonne van der Laan, an Executive Vice President at LyondellBasell Industries N.V., reported transactions involving Class A Ordinary Shares.
- On February 22, 2025, 669 shares were withheld by the issuer to satisfy tax obligations related to vesting of restricted stock units at a price of $76.96.
- Following this transaction, Ms. van der Laan beneficially owned 7,595 shares, including restricted stock units.
- On February 24, 2025, an additional 191 shares were withheld for tax obligations at a price of $77.31.
- After this transaction, Ms. van der Laan beneficially owned 7,404 shares, including restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions for tax purposes, with neutral sentiment.
Industry Context
Executive stock transactions are a routine part of corporate governance and are closely watched by investors for insights into management's perspective on the company's performance and future prospects. This filing reflects standard tax withholding procedures related to the vesting of stock-based compensation.
Comparison to Industry Standards
- LyondellBasell's executive compensation practices, including the use of restricted stock units, are common among large, publicly traded companies in the chemicals and materials sector.
- Companies like Dow, BASF, and SABIC also utilize similar long-term incentive plans to align executive interests with shareholder value.
- The vesting schedules and tax withholding practices observed in this filing are consistent with standard industry practices for equity compensation.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they relate to internal executive compensation and tax obligations.
- Shareholders may be interested in executive stock ownership as an indicator of alignment with company performance.
Key Dates
| Date | Description |
|---|---|
| 02/22/2024 | Date of grant of 4,200 restricted stock units, vesting in three tranches. |
| 02/22/2025 | Transaction date: 669 shares withheld for tax obligations related to vesting of restricted stock units. |
| 02/23/2023 | Date of grant of 1,595 restricted stock units, vesting on February 23, 2026. |
| 02/24/2022 | Date of grant of 400 restricted stock units, vesting on February 24, 2025. |
| 02/24/2025 | Transaction date: 191 shares withheld for tax obligations related to vesting of restricted stock units. |
| 02/25/2025 | Date of signature of the Form 4 filing. |
| 10/15/2022 | Date of grant of 273 restricted stock units, vesting on October 15, 2025. |
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