Director at LyondellBasell (NYSE: LYB) gets 2,321 RSUs and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
LyondellBasell Industries N.V. director Michael Sean Hanley reported routine equity compensation activity. On May 21, 2026, he received a grant of 2,321 Class A Ordinary Shares as restricted stock units at $0.00 per share under the long-term incentive plan.
On May 22, 2026, 2,917 RSUs vested automatically, and 540 shares were withheld by the issuer at $69.72 per share to cover tax withholding obligations, a non‑market disposition. After these transactions, he holds 23,895 Class A Ordinary Shares directly, plus outstanding RSUs scheduled to vest through May 21, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hanley Michael Sean
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Ordinary Shares | 540 | $69.72 | $38K |
| Grant/Award | Class A Ordinary Shares | 2,321 | $0.00 | -- |
Holdings After Transaction:
Class A Ordinary Shares — 23,895 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. 540 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: 540 shares
Withholding price: $69.72 per share
+4 more
7 metrics
RSU grant
2,321 shares
Restricted stock units granted on May 21, 2026 at $0.00
Tax withholding shares
540 shares
Shares withheld for taxes on May 22, 2026
Withholding price
$69.72 per share
Value used for 540-share tax withholding
Post-transaction holdings
23,895 shares
Class A Ordinary Shares held directly after withholding
Total RSUs referenced
5,238 RSUs
Granted under long-term incentive plan
RSUs vested
2,917 RSUs
Automatically vested on May 22, 2026
Future vesting RSUs
2,321 RSUs
Vest on May 21, 2027
Key Terms
restricted stock units ("RSUs"), long-term incentive plan, tax withholding obligations, Class A Ordinary Shares
4 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
"RSUs granted pursuant to the issuer's long-term incentive plan, including 2,917 that vest on May 22, 2026"
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
"540 shares were withheld by the issuer to satisfy the issuer's tax withholding obligations"
FAQ
What insider transactions did LYB director Michael Sean Hanley report?
Director Michael Sean Hanley reported an equity grant and a tax-related share withholding. He received 2,321 restricted stock units, and 540 shares were withheld upon RSU vesting to satisfy LyondellBasell’s tax withholding obligations, leaving him with 23,895 Class A Ordinary Shares.
What RSU vesting schedule is disclosed for LYB director Michael Sean Hanley?
The filing states 2,917 restricted stock units vested on May 22, 2026, and 2,321 additional RSUs vest on May 21, 2027. Altogether, 5,238 RSUs are referenced as granted under LyondellBasell’s long-term incentive plan with these specified vesting dates.