Albemarle CEO reports equity grant and tax withholding
ALBEMARLE CORP Chairman & CEO J Kent Masters reported equity compensation activity involving company common stock.
Rhea-AI Filing Summary
ALBEMARLE CORP Chairman & CEO J Kent Masters reported equity compensation activity involving company common stock. He acquired 9,032 shares at $184.93 per share as a grant or award, bringing his direct holdings to 127,885 shares immediately after this acquisition and 123,961 shares after related tax withholding.
The shares came from Performance Stock Units granted on 02/24/2023, with 50% tied to ROIC performance and 50% to relative total shareholder return (rTSR). No shares were earned under the ROIC component, while all shares under the rTSR component vested on 02/26/2026.
To cover tax liabilities from this vesting, 3,924 shares were disposed of through share withholding at $184.93 per share, which is a tax-withholding disposition rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9,032 | $184.93 | $1.67M |
| Exercise Price or Tax Liability | Common Stock | 3,924 | $184.93 | $726K |
Footnotes (2)
- F1. Performance Stock Units granted 02/24/2023. 50% granted as ROIC Performance Stock Units and 50% granted as rTSR Performance Stock Units. Based on the performance multiplier, no shares were earned for the ROIC Performance Stock Units. For the rTSR Performance Stock Units, all shares earned vested on 2/26/2026.
- F2. Shares withheld to meet tax liabilities associated with vesting of Performance Stock Units granted on 02/24/2023
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did ALB Chairman & CEO J Kent Masters report on this Form 4?
What performance conditions were attached to the Albemarle performance stock units reported on this Form 4?
When did the Albemarle (ALB) performance stock units reported by J Kent Masters vest?
AI-generated analysis. How Rhea-AI works. Not financial advice.