LyondellBasell (LYB) director RSU vesting leads to share tax withholding
Rhea-AI Filing Summary
LyondellBasell Industries N.V. director Lincoln E. Benet reported routine equity compensation activity involving restricted stock units. On May 21, 2026, he acquired 2,321 Class A Ordinary Shares at $0.00 per share as a grant under the company’s long-term incentive plan, with these RSUs vesting on May 21, 2027.
On May 22, 2026, 2,917 restricted stock units automatically vested into shares, and 1,410 shares were withheld by the issuer at a price of $69.72 per share to satisfy tax withholding obligations, not as an open-market sale. After these transactions, Benet directly owned 13,381 Class A Ordinary Shares, and the footnotes indicate additional RSUs remain outstanding that are scheduled to vest on future dates.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A Ordinary Shares | 1,410 | $69.72 | $98K |
| Grant/Award | Class A Ordinary Shares | 2,321 | $0.00 | $0.00 |
Footnotes (3)
- F1. Includes 5,238 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan, including 2,917 that vest on May 22, 2026. The 2,321 RSUs reported on this Form 4 vest on May 21, 2027.
- F2. On May 22, 2026 the reporting person's restricted stock units automatically vested 2,917 shares. 1,410 shares were withheld by the issuer to satisfy the issuer's tax withholding obligations.
- F3. Includes 2,321 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan that vest on May 21, 2027.
Key Figures
Key Terms
restricted stock units ("RSUs") financial
long-term incentive plan financial
tax withholding obligations financial
grant, award, or other acquisition financial
Payment of exercise price or tax liability by delivering securities financial
AI-generated analysis. How Rhea-AI works. Not financial advice.