Albemarle (NYSE: ALB) CEO sells 11,783 shares, gifts 30,716
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Albemarle Corporation Chairman & CEO J. Kent Masters reported both stock sales and a gift of shares. On March 10, 2026, he sold a total of 11,783 shares of Albemarle common stock in open-market transactions at weighted-average prices with ranges from $169.63 to $171.89 per share for diversification and tax planning purposes. After these sales, he directly held 134,628 shares.
On March 12, 2026, he made a bona fide gift of 30,716 shares, transferring them to an irrevocable trust over which he has no influence or control. Following this transfer, he directly holds 103,912 shares, which the disclosure notes remain in excess of his required holdings under Albemarle’s stock ownership guidelines.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 11,783 shares ($2,012,688)
Net Sell
4 txns
Insider
Masters J Kent
Role
Chairman & CEO
Sold
11,783 shs ($2.01M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 30,716 | $162.79 | $5.00M |
| Sale | Common Stock | 5,395 | $170.26 | $919K |
| Sale | Common Stock | 5,392 | $171.18 | $923K |
| Sale | Common Stock | 996 | $171.82 | $171K |
Holdings After Transaction:
Common Stock — 103,912 shares (Direct)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. These shares were sold by the reporting person for diversification and tax planning purposes in multiple transactions, at prices ranging from $169.63 to $170.62, inclusive. The reporting person undertakes to provide to Albemarle Corporation, any security holder of Albemarle Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The reporting person retains significant holdings in Albemarle stock, in excess of his required holdings under Albemarle stock ownership guidelines. The price reported in Column 4 is a weighted average price. These shares were sold by the reporting person for diversification and tax planning purposes in multiple transactions, at prices ranging from $170.63 to $171.57, inclusive. The reporting person undertakes to provide to Albemarle Corporation, any security holder of Albemarle Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The reporting person retains significant holdings in Albemarle stock, in excess of his required holdings under Albemarle stock ownership guidelines. The price reported in Column 4 is a weighted average price. These shares were sold by the reporting person for diversification and tax planning purposes in multiple transactions, at prices ranging from $171.67 to $171.89, inclusive. The reporting person undertakes to provide to Albemarle Corporation, any security holder of Albemarle Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The reporting person retains significant holdings in Albemarle stock, in excess of his required holdings under Albemarle stock ownership guidelines. For tax and estate planning purposes, these shares were transferred to an irrevocable trust over which the reporting person has no influence or control. The reporting person retains significant holdings in Albemarle stock, in excess of his required holdings under Albemarle stock ownership guidelines.
FAQ
What insider transactions did Albemarle (ALB) CEO J. Kent Masters report?
J. Kent Masters reported both sales and a gift of Albemarle stock. He sold 11,783 common shares in open-market transactions on March 10, 2026, and gifted 30,716 shares to an irrevocable trust on March 12, 2026, while retaining a substantial direct holding.
What reasons were given for the Albemarle (ALB) CEO’s stock sales?
The stock sales were described as diversification and tax planning moves. Footnotes explain that the March 10, 2026 open-market transactions were executed for diversification and tax planning purposes, with detailed price ranges available upon request from the company or regulators.