LyondellBasell (LYB) EVP covers tax bill with 687 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LyondellBasell Industries N.V. executive vice president Aaron J. Ledet reported two tax-related share dispositions tied to restricted stock unit (RSU) vesting. On February 22 and 23, 2026, a total of 687 Class A ordinary shares were withheld by the issuer at prices around $56.66–$56.67 per share to cover tax obligations when 1,232 and 1,453 RSU shares vested, respectively. After these automatic tax-withholding dispositions, Ledet directly held about 15,076 shares, along with thousands of unvested RSUs scheduled to vest between 2026 and 2028 under the company’s long-term incentive plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Ledet Aaron J
Role
EVP, I&D & Supply Chain
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Ordinary Shares | 354 | $56.66 | $20K |
| Tax Withholding | Class A Ordinary Shares | 333 | $56.67 | $19K |
Holdings After Transaction:
Class A Ordinary Shares — 15,075.533 shares (Direct)
Footnotes (1)
- On February 22, 2026 the reporting person's restricted stock units automatically vested 1,232 shares. 333 shares were withheld by the issuer to satisfy the issuer's tax withholding obligations. Includes 10,176 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan: 1,453 granted on February 23, 2023 that vest on February 23, 2026; 1,232 granted on February 22, 2024 that vest on February 22, 2027; 2,497 granted on February 27, 2025 that vest on February 27, 2026; 2,497 granted on February 27, 2025 that vest on February 26, 2027 and 2,497 granted on February 27, 2025 that vest on February 26, 2028. On February 23, 2026 the reporting person's restricted stock units automatically vested 1,453 shares. 354 shares were withheld by the issuer to satisfy the issuer's tax withholding obligations. Includes 8,723 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan: 1,232 granted on February 22, 2024 that vest on February 22, 2027; 2,497 granted on February 27, 2025 that vest on February 27, 2026; 2,497 granted on February 27, 2025 that vest on February 26, 2027 and 2,497 granted on February 27, 2025 that vest on February 26, 2028.
FAQ
What did LyondellBasell (LYB) EVP Aaron Ledet report in this Form 4?
Aaron J. Ledet reported automatic tax-withholding dispositions of company shares. These occurred when his restricted stock units vested, and shares were withheld by LyondellBasell to satisfy tax obligations, rather than being sold in open-market transactions.
Were these LyondellBasell (LYB) transactions open-market sales by the EVP?
No, these transactions were not open-market sales. They were coded as “F” transactions, meaning shares were withheld by the company to pay tax liabilities when restricted stock units vested, a common administrative mechanism in equity compensation programs.
What ongoing equity awards does the LyondellBasell (LYB) EVP have after this Form 4?
After these transactions, Aaron J. Ledet continued to hold several tranches of restricted stock units. Footnotes indicate thousands of RSUs granted under LyondellBasell’s long-term incentive plan, with vesting dates scheduled across 2026, 2027, and 2028.