LyondellBasell (LYB) director RSU vesting leads to share tax withholding
Filing Impact
Filing Sentiment
Form Type
4
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
2 transactions reported
Mixed
2 txns
Insider
Benet Lincoln E
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Ordinary Shares | 1,410 | $69.72 | $98K |
| Grant/Award | Class A Ordinary Shares | 2,321 | $0.00 | -- |
Holdings After Transaction:
Class A Ordinary Shares — 13,381 shares (Direct, null)
Footnotes (1)
- 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. 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. 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
RSU grant: 2,321 shares
Tax-withholding shares: 1,410 shares
Tax-withholding price: $69.72 per share
+3 more
6 metrics
RSU grant
2,321 shares
Class A Ordinary Shares granted on May 21, 2026; vest May 21, 2027
Tax-withholding shares
1,410 shares
Shares withheld on May 22, 2026 to cover tax on vested RSUs
Tax-withholding price
$69.72 per share
Value used for 1,410-share tax-withholding disposition on May 22, 2026
Shares held after transactions
13,381 shares
Direct Class A Ordinary Share ownership following Form 4 transactions
RSUs vested
2,917 RSUs
Restricted stock units that automatically vested on May 22, 2026
Total RSUs referenced
5,238 RSUs
RSUs granted under long-term incentive plan mentioned in footnotes
Key Terms
restricted stock units ("RSUs"), long-term incentive plan, tax withholding obligations, grant, award, or other acquisition, +1 more
5 terms
restricted stock units ("RSUs") financial
"Includes 5,238 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
long-term incentive plan financial
"restricted stock units ("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.
tax withholding obligations financial
"1,410 shares were withheld by the issuer to satisfy the issuer's tax withholding obligations"
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description": "Payment of exercise price or tax liability by delivering securities""
FAQ
What insider transactions did LyondellBasell (LYB) director Lincoln E. Benet report?
Lincoln E. Benet reported an RSU grant of 2,321 Class A Ordinary Shares and a tax-withholding disposition of 1,410 shares. The disposition covered tax on vested RSUs and was not an open-market sale of shares.
What RSU award did Lincoln E. Benet receive from LyondellBasell (LYB)?
Benet received an award of 2,321 restricted stock units under LyondellBasell’s long-term incentive plan. These RSUs are scheduled to vest on May 21, 2027, providing additional shares if he remains eligible through that date.