Albemarle (NYSE: ALB) VP uses 164 shares for RSU tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Albemarle Corporation VP and CAO Donald J. LaBauve Jr. reported a tax-withholding disposition of 164 shares of Common Stock at $186.83 per share on Restricted Stock Units that vested from a grant dated 2/24/2023. After this, he directly holds 8,647 shares, and indirectly holds 12,755 shares through the Albemarle Savings Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
LaBauve Donald J. Jr.
Role
VP, Corporate Controller & CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 164 | $186.83 | $31K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 8,647 shares (Direct);
Common Stock — 12,755 shares (Indirect, Albemarle Savings Plan)
Footnotes (1)
- Shares withheld to meet tax liabilities associated with vesting of Restricted Stock Units granted on 2/24/2023. Total number of shares of Common Stock held in the name of the Reporting Person under the Albemarle Corporation Retirement Savings Plan (the "Albemarle Savings Plan") as of the date of this Form 4.
FAQ
What insider transaction did ALB executive Donald J. LaBauve Jr. report?
Donald J. LaBauve Jr. reported a tax-withholding disposition of 164 Albemarle common shares at $186.83 per share. The shares were withheld to cover tax liabilities from vesting Restricted Stock Units granted on February 24, 2023.
What is the role of the Albemarle Savings Plan in LaBauve's ALB holdings?
The Albemarle Savings Plan holds 12,755 Albemarle common shares in LaBauve’s name as of this Form 4. These shares are reported as indirect ownership through the Albemarle Corporation Retirement Savings Plan.
What transaction code is used in this Albemarle (ALB) Form 4 and what does it mean?
The Form 4 uses transaction code F, meaning payment of tax liability by delivering or withholding securities. Here, 164 Albemarle shares were withheld to satisfy taxes from vesting Restricted Stock Units granted on February 24, 2023.