Form 4: LyondellBasell SVP Chukwuemeka Oyolu Reports Stock Disposals to Cover Tax Obligations
SEC Form 4
Chukwuemeka Oyolu, SVP, CAO & Investor Relations at LyondellBasell, reported disposing of shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On February 22, 2025, Chukwuemeka Oyolu disposed of 437 Class A Ordinary Shares at $76.96 to cover tax obligations related to vesting of restricted stock units.
- Following this transaction, Oyolu directly owns 28,071 Class A Ordinary Shares, including restricted stock units.
- On February 24, 2025, Oyolu disposed of 655 Class A Ordinary Shares at $77.31 to cover tax obligations related to vesting of restricted stock units.
- Following this transaction, Oyolu directly owns 27,416 Class A Ordinary Shares, including restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions for tax purposes, and does not indicate a positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and are required by the SEC to provide transparency into insider transactions. These filings are common across all publicly traded companies.
Stakeholder Impact
- The disposal of shares by an executive could be perceived negatively by some shareholders, although it is a common practice to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| February 22, 2024 | Date of grant of 4,751 restricted stock units, of which 1,585 vested on February 22, 2025 |
| February 24, 2022 | Date of grant of 2,687 restricted stock units that vest on February 24, 2025 |
| February 23, 2023 | Date of grant of 2,802 restricted stock units that vest on February 23, 2026 |
| December 15, 2024 | Date of grant of 3,360 restricted stock units of which 1,680 vest on December 15, 2025 and 1,680 vest on December 15, 2026 |
| February 22, 2025 | Disposal of 437 shares to cover tax obligations; 1,585 restricted stock units vested |
| February 23, 2026 | Vesting date for 2,802 restricted stock units granted on February 23, 2023 |
| February 22, 2026 | Vesting date for 1,583 restricted stock units granted on February 22, 2024 |
| December 15, 2025 | Vesting date for 1,680 restricted stock units granted on December 15, 2024 |
| February 22, 2027 | Vesting date for 1,583 restricted stock units granted on February 22, 2024 |
| December 15, 2026 | Vesting date for 1,680 restricted stock units granted on December 15, 2024 |
| February 25, 2025 | Date of signature of the Form 4 by Lara A. Mason, Attorney-in-Fact |
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