Form 4: LyondellBasell SVP & CAO Reports Share Transactions

Matthew D. Hayes, SVP & CAO of LyondellBasell Industries N.V., reported the vesting of performance-based stock units and related share transactions.

Summary

• Matthew D. Hayes, SVP & CAO, reported transactions involving LyondellBasell Industries N.V. Class A Ordinary Shares on February 18, 2026.
• Acquired 208 shares from the vesting of performance-based stock units granted on February 23, 2023, following the attainment of performance objectives and continued employment.
• Acquired an additional 76 shares from the settlement of dividend equivalents accrued on the same performance-based stock units.
• Disposed of 62 shares to satisfy tax withholding obligations related to the vesting of the 208 performance-based stock units.
• Disposed of 23 shares to satisfy tax withholding obligations for dividend equivalents accrued on the performance-based stock units.
• The transactions resulted in a net increase in direct beneficial ownership, bringing the total to 5,123.1796 Class A Ordinary Shares.
• Current holdings also include 2,920 restricted stock units (RSUs) with various future vesting dates ranging from February 2026 to April 2028.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive event, as it reflects the successful vesting of performance-based awards, indicating the achievement of company objectives and continued executive alignment with shareholder interests, despite the routine tax-related share disposals.

Positives

• Matthew D. Hayes acquired a net total of 199 Class A Ordinary Shares (208 + 76 62 23) through the vesting of performance-based stock units and settlement of dividend equivalents.
• The vesting of performance-based stock units indicates the attainment of certain performance objectives by the company and continued employment of the reporting person.

Negatives

• A total of 85 Class A Ordinary Shares were disposed of to cover tax withholding obligations, which is a standard practice for equity compensation.

Future Outlook

The filing details future vesting schedules for 2,920 restricted stock units held by Matthew D. Hayes, with vesting dates extending from February 2026 to April 2028, indicating continued long-term incentive alignment.

Industry Context

StockSavvy.ai notes that these transactions are routine for executive compensation, reflecting the vesting of previously granted equity awards and the associated tax withholdings. Such filings provide transparency into insider holdings but typically do not signal broader industry trends.

Corporate Governance

Stakeholder Impact

• Shareholders: Provides transparency regarding executive equity ownership and compensation, aligning executive interests with shareholder value through performance-based awards.
• Employees: Reflects the company's long-term incentive plan structure for executives, which can influence broader compensation strategies.

Next Steps

• Future vesting of 417 restricted stock units on February 23, 2026.
• Future vesting of 237 restricted stock units on February 22, 2026.
• Future vesting of 237 restricted stock units on February 22, 2027.
• Future vesting of 307 restricted stock units on February 27, 2026.
• Future vesting of 623 restricted stock units on October 15, 2026.
• Future vesting of 305 restricted stock units on February 27, 2027.
• Future vesting of 305 restricted stock units on February 27, 2028.
• Future vesting of 163 restricted stock units on April 15, 2026.
• Future vesting of 163 restricted stock units on April 15, 2027.
• Future vesting of 163 restricted stock units on April 15, 2028.

Key Dates

Recommendation

This Form 4 filing details routine executive compensation transactions, specifically the vesting of performance-based stock units and related tax withholdings. While the net acquisition of shares is a positive signal of executive alignment, these transactions are expected and do not present new information that would significantly alter the investment thesis for LyondellBasell Industries N.V. Therefore, a 'hold' recommendation is appropriate as the filing does not provide a strong catalyst for a 'buy' or 'sell' decision.

Keywords

LyondellBasell, LYB, Form 4, Insider Trading, Stock Units, Restricted Stock Units, Equity Compensation, Executive Compensation, Share Transactions, Matthew D. Hayes