Form 4: LyondellBasell SVP Matthew Hayes Reports Stock Transaction
Statement of Changes in Beneficial Ownership
SVP and CAO Matthew Hayes reported the withholding of 40 shares to satisfy tax obligations following the vesting of restricted stock units.
Summary
- Matthew D. Hayes, SVP and CAO of LyondellBasell Industries N.V., reported a transaction involving the withholding of 40 Class A Ordinary Shares.
- The transaction occurred on April 15, 2026, at a price of $73.13 per share.
- The withholding was executed to satisfy tax obligations related to the automatic vesting of 163 restricted stock units.
- Following this transaction, the reporting person holds 8,970.3012 shares directly.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, as it represents routine administrative activity regarding executive compensation rather than a strategic or operational shift.
Positives
- The transaction reflects the standard vesting of equity-based compensation, aligning executive interests with long-term shareholder value.
Negatives
- None identified; this is a routine administrative transaction related to tax withholding.
Risks
- None identified; this is a routine administrative transaction.
Future Outlook
The filing does not provide forward-looking financial guidance, as it is a disclosure of an individual insider transaction.
Management Comments
- No direct management commentary provided in this regulatory filing.
Industry Context
StockSavvy.ai notes that this filing is a standard regulatory disclosure regarding executive equity compensation and does not signal a change in corporate strategy or market outlook.
Comparison to Industry Standards
- The transaction follows standard corporate governance practices for equity-based compensation and tax withholding common among S&P 500 and multinational chemical companies.
Stakeholder Impact
- Minimal impact on shareholders as this is a routine tax-related transaction for an executive.
Next Steps
- Future vesting of remaining RSU tranches as scheduled through 2029.
Key Dates
| Date | Description |
|---|---|
| 2024-02-22 | Grant date of initial RSU tranche. |
| 2024-10-15 | Grant date of RSU tranche. |
| 2025-02-27 | Grant date of RSU tranches. |
| 2025-04-15 | Grant date of RSU tranches. |
| 2026-02-28 | Grant date of RSU tranches. |
| 2026-03-31 | Allocation date of ESPP shares. |
| 2026-04-15 | Transaction date of RSU vesting and tax withholding. |
| 2026-04-17 | Filing date of the Form 4. |
Keywords
LyondellBasell, LYB, Insider Trading, Form 4, Executive Compensation, Tax Withholding
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