LyondellBasell (LYB) CEO receives 98,549-share equity award, withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LyondellBasell Industries N.V. Chief Executive Officer Peter Z. E. Vanacker reported two equity transactions in Class A ordinary shares. On February 28, 2026, he acquired 98,549 shares at $0.00 per share as a grant or award under the company’s long-term incentive plan, bringing his direct holdings to 248,554 shares. On February 27, 2026, 7,506 shares were disposed of at $57.52 per share to cover tax withholding when 19,074 restricted stock units vested. Following that tax-withholding disposition, he directly owned 150,005 shares. Footnotes state that his holdings include restricted stock units scheduled to vest between 2027 and 2029 under the long-term incentive plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Vanacker Peter Z. E.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Class A Ordinary Shares | 98,549 | $0.00 | -- |
| Tax Withholding | Class A Ordinary Shares | 7,506 | $57.52 | $432K |
Holdings After Transaction:
Class A Ordinary Shares — 248,554 shares (Direct)
Footnotes (1)
- On February 27, 2026 the reporting person's restricted stock units automatically vested 19,074 shares. 7,506 shares were withheld by the issuer to satisfy the issuer's tax withholding obligations. Includes 53,550 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan: 15,406 granted on February 22, 2024 that vest on February 22, 2027; 19,072 granted on February 27, 2025 that vest on February 27, 2027 and 19,072 granted on February 27, 2025 vest on February 27, 2028. Includes 152,099 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan: 15,406 granted on February 22, 2024 that vest on February 22, 2027; 19,072 granted on February 27, 2025 that vest on February 27, 2027 and 19,072 granted on February 27, 2025 vest on February 27, 2028. The 98,549 RSUs reported on this Form 4 vest as follows: 32,851 vest on February 28, 2027, 32,849 vest on February 28, 2028 and 32,849 vest on February 28, 2029.
FAQ
What did LyondellBasell (LYB) CEO Peter Vanacker report in this Form 4?
Peter Vanacker reported one equity award and one tax-related share disposition. He received 98,549 Class A ordinary shares as a grant and had 7,506 shares withheld to satisfy tax obligations linked to vested restricted stock units.
How do restricted stock units factor into the LyondellBasell (LYB) CEO’s holdings?
Footnotes explain that the CEO’s reported holdings include restricted stock units granted under the long-term incentive plan. These RSUs are scheduled to vest in tranches between 2027 and 2029, potentially converting into additional shares over time.