LyondellBasell (LYB) CFO reports tax-withholding dispositions from RSU vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LyondellBasell Industries N.V. Executive Vice President and Chief Financial Officer Agustin Izquierdo Sabido reported tax-related share dispositions tied to restricted stock unit vesting. On February 22, 2026, 242 RSUs vested and 72 Class A shares were withheld at $56.67 per share to satisfy tax obligations. On February 23, 2026, 424 RSUs vested and 126 shares were withheld at $56.66 per share for the same purpose. Following these transactions, he directly owned 14,099 Class A shares and held 9,059 RSUs scheduled to vest on future dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Izquierdo Sabido Agustin
Role
EVP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Ordinary Shares | 126 | $56.66 | $7K |
| Tax Withholding | Class A Ordinary Shares | 72 | $56.67 | $4K |
Holdings After Transaction:
Class A Ordinary Shares — 14,099 shares (Direct)
Footnotes (1)
- On February 22, 2026 the reporting person's restricted stock units automatically vested 242 shares. 72 shares were withheld by the issuer to satisfy the issuer's tax withholding obligations. Represents 9,483 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan: 424 granted on February 23, 2023 that vest on February 23, 2026; 242 granted on February 22, 2024 that vest on February 22, 2027; 182 granted on April 15, 2024 that vest on April 15, 2026; 182 granted on April 15, 2024 that vest on April 15, 2027; 2,819 granted on February 27, 2025 that vest on February 27, 2026; 2,817 granted on February 27, 2025 that vest on February 27, 2027 and 2,817 granted on February 27, 2025 that vest on February 27, 2028. On February 23, 2026 the reporting person's restricted stock units automatically vested 424 shares. 126 shares were withheld by the issuer to satisfy the issuer's tax withholding obligations. Represents 9,059 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan: 242 granted on February 22, 2024 that vest on February 22, 2027; 182 granted on April 15, 2024 that vest on April 15, 2026; 182 granted on April 15, 2024 that vest on April 15, 2027; 2,819 granted on February 27, 2025 that vest on February 27, 2026; 2,817 granted on February 27, 2025 that vest on February 27, 2027 and 2,817 granted on February 27, 2025 that vest on February 27, 2028.
FAQ
What insider transactions did LYB executive Agustin Izquierdo Sabido report?
Agustin Izquierdo Sabido reported two tax-withholding dispositions of LyondellBasell Class A shares. They occurred when restricted stock units vested and shares were automatically withheld by the issuer to cover tax obligations rather than being sold in open-market transactions.
How many restricted stock units does the LYB executive still hold after vesting?
Following the vesting events, the executive held 9,059 restricted stock units. These RSUs were granted under LyondellBasell’s long-term incentive plan and are scheduled to vest in tranches between 2026 and 2028, subject to the stated vesting dates in the grants.
Were the LYB insider transactions open-market sales or tax withholdings?
The transactions were tax-withholding dispositions, not open-market sales. Shares were automatically withheld by LyondellBasell to pay the exercise price or tax liabilities associated with restricted stock unit vesting, as described in the Form 4 transaction code and footnotes.