LyondellBasell (NYSE: LYB) EVP Jeffrey Kaplan sells 10,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LyondellBasell Industries N.V. executive Jeffrey A. Kaplan, EVP and Chief Legal & Corporate Officer, reported an open-market sale of 10,000 Class A ordinary shares at a weighted-average price of $74.1573 per share. Following the sale, he directly owns 96,674 shares, including 32,627 restricted stock units that vest in tranches between February 2027 and February 2029.
Positive
- None.
Negative
- None.
Insights
Executive sells 10,000 shares while retaining a substantial equity stake.
Executive vice president Jeffrey A. Kaplan executed an open-market sale of 10,000 LyondellBasell Class A shares at a weighted-average price of $74.1573. The trade was broken into multiple executions between $74.13 and $74.21 per share.
After the sale, Kaplan still holds 96,674 shares, including 32,627 restricted stock units granted under the long-term incentive plan, vesting from 2027 through 2029. Relative to his remaining stake, the transaction appears routine in scale based on this filing alone.
Insider Trade Summary
Net Seller: 10,000 shares ($741,573)
Net Sell
1 txn
Insider
Kaplan Jeffrey A
Role
EVP, Chief PC, Leg & Corp Ofc
Sold
10,000 shs ($742K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Ordinary Shares | 10,000 | $74.1573 | $742K |
Holdings After Transaction:
Class A Ordinary Shares — 96,674 shares (Direct, null)
Footnotes (1)
- This transaction was executed in multiple trades at prices ranging from $74.13 USD to $74.21 USD. The price reported above reflects the weighted-average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. Includes 32,627 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan: 3,218 granted on February 22, 2024 that vest on February 22, 2027; 4,103 granted on February 27, 2025 that vest on February 27, 2027; 4,103 granted on February 27, 2025 that vest on February 27, 2028 and 21,203 granted on February 28, 2026 of which: 7,069 vest on February 28, 2027, 7,067 vest on February 28, 2028 and 7,067 vest on February 28, 2029.
Key Figures
Shares sold: 10,000 shares
Weighted-average sale price: $74.1573 per share
Trade price range: $74.13–$74.21 per share
+3 more
6 metrics
Shares sold
10,000 shares
Open-market sale of Class A ordinary shares
Weighted-average sale price
$74.1573 per share
Average across multiple trades on transaction date
Trade price range
$74.13–$74.21 per share
Individual execution prices for the sale
Shares owned after transaction
96,674 shares
Direct holdings following the sale
Restricted stock units included
32,627 RSUs
Equity awards under long-term incentive plan
RSU vesting schedule
2027–2029 vesting dates
Multiple tranches vesting Feb 2027, 2028, 2029
Key Terms
weighted-average sale price, restricted stock units, long-term incentive plan, open-market sale
4 terms
weighted-average sale price financial
"The price reported above reflects the weighted-average sale price."
restricted stock units financial
"Includes 32,627 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
long-term incentive plan financial
"RSUs granted pursuant to the issuer's long-term incentive plan"
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.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What did LYB executive Jeffrey A. Kaplan report in this Form 4?
Jeffrey A. Kaplan reported selling 10,000 LyondellBasell Class A shares in an open-market transaction. The weighted-average sale price was about $74.16 per share, reflecting multiple trades executed between $74.13 and $74.21 on the transaction date.
What restricted stock units (RSUs) are included in Kaplan’s LYB holdings?
Kaplan’s holdings include 32,627 RSUs granted under LyondellBasell’s long-term incentive plan. These consist of several grants with scheduled vesting dates in February 2027, February 2028, and February 2029, providing ongoing equity-based compensation over multiple years.
Is there any indication of derivative or option exercises in this LYB Form 4?
No derivative or option exercises are reported in this Form 4. The transaction involves a non-derivative sale of Class A ordinary shares, and the derivative summary section in the structured data for this filing is empty.