Director at Albemarle (NYSE: ALB) receives 1,286-share stock compensation grant
Rhea-AI Filing Summary
ALBEMARLE CORP director Diarmuid B. O’Connell reported stock-based compensation awards rather than open-market trades. On July 1, 2026, he acquired a total of 1,286 shares of common stock at no cash cost, recorded as grants or awards.
Footnotes explain that 36 shares are an annual installment of non-employee director stock compensation under the 2023 Stock Compensation and Deferral Election Plan for Non-Employee Directors, scheduled to vest on July 1, 2027. Additional shares represent dividends accrued on a prior award granted on July 1, 2025 that vested on July 1, 2026, which the company settled in stock issued under the same plan.
The filing also notes that the director’s holdings were adjusted to reflect a transfer of 893 shares of common stock pursuant to an agreement of separation of assets, indicating a reallocation of previously held shares rather than a market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,250 | $0.00 | -- |
| Grant/Award | Common Stock | 36 | $0.00 | -- |
Footnotes (1)
- Shares represent an annual installment of non-employee director stock compensation pursuant to the 2023 Stock Compensation and Deferral Election Plan for Non-Employee Directors of Albemarle Corporation (the "2023 Directors Plan"). Shares to vest on July 1, 2027. Holdings have been adjusted to reflect a transfer of 893 shares of Common Stock pursuant to an agreement of separation of assets entered into by the Reporting Person. Represents dividends accrued on shares underlying an award granted on July 1, 2025, that vested in full on July 1, 2026, which the Issuer elected to settle in shares of common stock issued under the 2023 Directors Plan.