LyondellBasell (NYSE: LYB) EVP logs equity vesting and tax share withholdings
Rhea-AI Filing Summary
LyondellBasell Industries N.V. executive vice president Yvonne van der Laan reported equity-related transactions in Class A ordinary shares tied to long-term incentive awards. On February 18, 2026, 797 shares and 289 shares were acquired through grants and the settlement of performance-based stock units and related dividend equivalents at a reference price of $55.97 per share.
To cover tax withholding obligations from these vestings, 391 shares and 142 shares were disposed of, also at $55.97 per share, as payment of tax liabilities by delivering shares rather than cash. After these transactions, direct holdings were reported as 14,778 shares, which include 10,831 restricted stock units scheduled to vest in tranches between 2026 and 2028 under the company’s long-term incentive plan.
Positive
- None.
Negative
- None.
Insights
Routine incentive vesting with share withholding for taxes; neutral impact.
The transactions reflect standard operation of LyondellBasell’s long-term incentive plan for EVP Yvonne van der Laan. Performance-based stock units granted in 2023 vested after meeting performance objectives and continued employment, resulting in share awards and associated dividend equivalent shares.
Code F entries show 391 and 142 shares delivered to cover tax withholding, a non‑open‑market disposition. Code A entries reflect 797 and 289 shares acquired via award settlement, not market purchases. Overall, these are administrative equity compensation events rather than directional trading, so they are typically viewed as neutral from an investment perspective.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Ordinary Shares | 391 | $55.97 | $22K |
| Tax Withholding | Class A Ordinary Shares | 142 | $55.97 | $8K |
| Grant/Award | Class A Ordinary Shares | 797 | $55.97 | $45K |
| Grant/Award | Class A Ordinary Shares | 289 | $55.97 | $16K |
Footnotes (1)
- Represents shares required to satisfy tax withholding obligations in connection with the vesting of 797 shares of performance-based stock units granted to the Reporting Person on February 23, 2023. Includes 10,831 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan: 1,595 granted on February 23, 2023 that vest on February 23, 2026; 1,400 granted on February 22, 2024 that vest on February 22, 2026; 1,400 granted on February 22, 2024 that vest on February 22, 2027; 2,146 granted on February 27, 2025 that vest on February 27, 2026; 2,145 granted on February 27, 2025 that vest on February 27, 2027 and 2,145 granted on February 27, 2025 that vest on February 27, 2028. Represents shares required to satisfy tax withholding obligations for dividend equivalents accrued of 289 shares in connection with performance-based stock units granted to the Reporting Person on February 23, 2023. Represents shares earned in connection with the performance-based stock units previously granted and unreportable on February 23, 2023 pursuant to the issuer's long-term incentive plan. Shares were earned based upon the level of attainment of certain performance objectives and continued employment. These shares fully vested on February 18, 2026 following certification by the Issuer's Compensation & Talent Development Committee. Represents shares from the settlement of dividend equivalents that accrued on the performance-based stock units prior to vesting and granted to the Reporting Person on February 23, 2023.