LyondellBasell (LYB) director receives stock grant with tax shares withheld
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LyondellBasell Industries N.V. director Virginia A. Kamsky received a grant of 646 Class A Ordinary Shares as part of her annual board retainer, which she had elected to take in stock rather than cash. A portion of these shares was withheld to cover taxes.
On this date, 142 shares were disposed of at $80.56 per share to satisfy tax liabilities, leaving her with 8,094 Class A Ordinary Shares held directly after the transactions. The number of shares issued for the retainer was based on an average share price of $59.31 over the applicable quarter.
Her holdings also include 2,917 restricted stock units (RSUs) granted under the company’s long-term incentive plan, which are scheduled to vest on May 22, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
KAMSKY VIRGINIA A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Ordinary Shares | 646 | $0.00 | -- |
| Tax Withholding | Class A Ordinary Shares | 142 | $80.56 | $11K |
Holdings After Transaction:
Class A Ordinary Shares — 8,236 shares (Direct)
Footnotes (1)
- Prior to the beginning of the year, the reporting person elected to receive common stock in lieu of cash for her annual retainer, which is paid in quarterly installments. The number of shares issued was calculated based on $59.31, which is the average of the daily closing prices of the issuer's shares over the applicable quarter. Includes 2,917 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan that vest on May 22, 2026.
Key Figures
Stock grant: 646 shares
Tax withholding shares: 142 shares
Tax withholding price: $80.56 per share
+3 more
6 metrics
Stock grant
646 shares
Class A Ordinary Shares granted as annual retainer compensation
Tax withholding shares
142 shares
Shares disposed of to cover tax liabilities at $80.56 per share
Tax withholding price
$80.56 per share
Value used for 142-share tax-withholding disposition
Shares after transaction
8,094 shares
Direct Class A Ordinary Shares held following the reported transactions
RSUs outstanding
2,917 RSUs
Restricted stock units vesting on May 22, 2026
Retainer conversion price
$59.31
Average closing price used to calculate shares for annual retainer
Key Terms
restricted stock units ("RSUs"), long-term incentive plan, annual retainer, tax liability
4 terms
restricted stock units ("RSUs") financial
"Includes 2,917 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 22, 2026"
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.
annual retainer financial
"elected to receive common stock in lieu of cash for her annual retainer, which is paid in quarterly installments"
tax liability financial
"Payment of exercise price or tax liability by delivering securities"
FAQ
What insider transactions did LYB director Virginia Kamsky report on this Form 4?
Virginia Kamsky reported receiving 646 Class A Ordinary Shares as a grant tied to her annual retainer, taken in stock instead of cash. She also had 142 shares withheld the same day at $80.56 per share to cover tax obligations related to this compensation.
Was Virginia Kamsky’s LYB Form 4 transaction an open-market buy or sell?
The filing shows a stock grant and tax withholding, not open-market trading. She acquired 646 shares as compensation and 142 shares were disposed of to satisfy tax liabilities, which is a routine, non-market mechanism rather than a discretionary purchase or sale in the open market.
What RSUs does Virginia Kamsky hold in LyondellBasell, and when do they vest?
Virginia Kamsky holds 2,917 restricted stock units (RSUs) granted under LyondellBasell’s long-term incentive plan. These RSUs are scheduled to vest on May 22, 2026, potentially increasing her shareholdings when they convert into Class A Ordinary Shares at vesting.