LyondellBasell EVP gets stock awards, covers taxes

LyondellBasell Industries N.V. executive vice president Aaron J. Ledet reported routine equity compensation activity in Class A Ordinary Shares.

Rhea-AI Filing Summary

LyondellBasell Industries N.V. executive vice president Aaron J. Ledet reported routine equity compensation activity in Class A Ordinary Shares. He received awards of 727 shares and 263 shares tied to performance-based stock units and related dividend equivalents granted under the long-term incentive plan. To cover tax withholding obligations on these vestings and dividend equivalents, 78 shares and 216 shares were disposed of, leaving him with directly owned shares plus 11,408 restricted stock units that vest in tranches between 2026 and 2028.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Ledet Aaron J

Role EVP, I&D & Supply Chain

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A Ordinary Shares	78	$55.97	$4K
Exercise Price or Tax Liability	Class A Ordinary Shares	216	$55.97	$12K
Grant/Award	Class A Ordinary Shares	727	$55.97	$41K
Grant/Award	Class A Ordinary Shares	263	$55.97	$15K

Holdings After Transaction: Class A Ordinary Shares — 15,762.5326 shares (Direct)

Footnotes (5)

1. F1. Represents shares required to satisfy tax withholding obligations for dividend equivalents accrued of 263 shares in connection with performance-based stock units granted to the Reporting Person on February 23, 2023.
2. F2. Includes 11,408 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, 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.
3. F3. Represents shares required to satisfy tax withholding obligations in connection with the vesting of 727 shares of performance-based stock units granted to the Reporting Person on February 23, 2023.
4. F4. 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.
5. F5. 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did LYB executive Aaron Ledet report on this Form 4?

Aaron Ledet reported a mix of equity grants and tax-related share dispositions in LyondellBasell Class A Ordinary Shares on this Form 4. The transactions relate to vesting performance-based stock units and associated dividend equivalents under the company’s long-term incentive plan.

Were the LYB share dispositions by Aaron Ledet open-market sales?

No, the reported LYB share dispositions by Aaron Ledet were for tax withholding purposes, not open-market sales. Shares were withheld to satisfy tax obligations triggered by vesting performance-based stock units and accrued dividend equivalents granted under LyondellBasell’s long-term incentive plan.

What new LYB share awards did Aaron Ledet receive in this filing?

Aaron Ledet received 727 LYB shares from earned performance-based stock units and 263 shares from settled dividend equivalents. These awards stem from grants originally made on February 23, 2023, under LyondellBasell’s long-term incentive plan and vested after certification of performance results.

How many restricted stock units does Aaron Ledet hold in LYB after these transactions?

After these transactions, Aaron Ledet holds 11,408 LyondellBasell restricted stock units. These RSUs were granted across several dates and are scheduled to vest in tranches between February 2026 and February 2028, subject to the terms of the company’s long-term incentive plan.

What performance conditions applied to Aaron Ledet’s LYB performance-based stock units?

Aaron Ledet’s LYB performance-based stock units were earned based on attainment of specified performance objectives and continued employment. The related shares fully vested on February 18, 2026, after the Compensation & Talent Development Committee certified performance under the company’s long-term incentive plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/20/2026 - 05:20 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ledet Aaron J

(Last) (First) (Middle)

4TH FLOOR

ONE VINE STREET

(Street)

LONDON X0 W1J 0AH

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LyondellBasell Industries N.V. [ LYB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, I&D & Supply Chain

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Ordinary Shares	02/18/2026		F		78(1)	D	$55.97	14,988.5326(2)	D
Class A Ordinary Shares	02/18/2026		F		216(3)	D	$55.97	14,772.5326(2)	D
Class A Ordinary Shares	02/18/2026		A		727(4)	A	$55.97	15,499.5326(2)	D
Class A Ordinary Shares	02/18/2026		A		263(5)	A	$55.97	15,762.5326(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents shares required to satisfy tax withholding obligations for dividend equivalents accrued of 263 shares in connection with performance-based stock units granted to the Reporting Person on February 23, 2023.

2. Includes 11,408 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, 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.

3. Represents shares required to satisfy tax withholding obligations in connection with the vesting of 727 shares of performance-based stock units granted to the Reporting Person on February 23, 2023.

4. 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.

5. 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.

Remarks:

	/s/ Lara A. Mason, Attorney-in-Fact	02/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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