LyondellBasell (NYSE: LYB) director awarded RSUs as 689 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LyondellBasell Industries N.V. director Albert Jude Manifold reported compensation-related share movements. On May 21, he acquired 2,321 Class A Ordinary Shares as a grant at $0.00 per share, representing restricted stock units under the company’s long-term incentive plan that vest on May 21, 2027.
On May 22, 2,917 previously granted restricted stock units automatically vested, and 689 shares were withheld by the issuer at $69.72 per share to cover tax withholding obligations, a disposition that was not an open-market sale. Following these transactions, he held 14,905 Class A Ordinary Shares directly, including restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Manifold Albert Jude
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Ordinary Shares | 689 | $69.72 | $48K |
| Grant/Award | Class A Ordinary Shares | 2,321 | $0.00 | -- |
Holdings After Transaction:
Class A Ordinary Shares — 14,905 shares (Direct, null)
Footnotes (1)
- Includes 5,238 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan, including 2,917 that vest on May 22, 2026. The 2,321 RSUs reported on this Form 4 vest on May 21, 2027. On May 22, 2026 the reporting person's restricted stock units automatically vested 2,917 shares. 689 shares were withheld by the issuer to satisfy the issuer's tax withholding obligations. Includes 2,321 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan that vest on May 21, 2027.
Key Figures
RSU grant: 2,321 shares
Tax withholding shares: 689 shares
Withholding price: $69.72 per share
+4 more
7 metrics
RSU grant
2,321 shares
Restricted stock units granted, vesting May 21, 2027
Tax withholding shares
689 shares
Withheld by issuer to satisfy tax obligations
Withholding price
$69.72 per share
Price used for 689-share tax withholding on May 22, 2026
Shares after withholding
14,905 shares
Total Class A Ordinary Shares held directly after May 22, 2026
Vested RSUs
2,917 shares
Restricted stock units that automatically vested on May 22, 2026
Future vesting RSUs
2,321 shares
RSUs vesting on May 21, 2027 under long-term incentive plan
RSUs included in holdings
5,238 RSUs
Restricted stock units included in reported holdings before vesting update
Key Terms
restricted stock units ("RSUs"), long-term incentive plan, tax withholding obligations, grant, award, or other acquisition, +1 more
5 terms
restricted stock units ("RSUs") financial
"Includes 5,238 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
long-term incentive plan financial
"RSUs granted pursuant to the issuer's long-term incentive plan that vest on May 21, 2027"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
tax withholding obligations financial
"689 shares were withheld by the issuer to satisfy the issuer's tax withholding obligations"
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description": "Payment of exercise price or tax liability by delivering securities""
FAQ
What insider transactions did LYB director Albert Jude Manifold report?
Albert Jude Manifold reported a grant of 2,321 Class A Ordinary Shares and a tax-related share withholding of 689 shares. Both transactions involved restricted stock units under LyondellBasell’s long-term incentive plan rather than open-market buying or selling.
What restricted stock unit awards did the LYB director receive and when do they vest?
The director’s holdings include 2,321 restricted stock units granted under LyondellBasell’s long-term incentive plan that vest on May 21, 2027. Earlier, 2,917 restricted stock units vested automatically on May 22, 2026, triggering the tax-withholding share disposition.