STEINER GERALD A 4

What Happened

• Gerald A. Steiner, a non-employee director of Albemarle Corporation (ALB), converted phantom stock units into common shares on 2026-02-18. He settled 153 and 781 Phantom Stock units (total 934 units) and received 934 common shares. The reported acquisition price is $0.00 (no cash paid).

Key Details

• Transaction date: 2026-02-18; Form filed: 2026-02-20 (timely filing).
• Transaction code: M (exercise or conversion of a derivative instrument).
• Shares received: 153 and 781 units converted — total 934 common shares issued.
• Price / value: $0.00 per share reported (conversion of deferred compensation, not an open-market purchase).
• Shares owned after transaction: not specified in the filing.
• Notable footnotes: units were Phantom Stock settled 1-for-1 into common shares; units represent deferred director compensation under Albemarle’s 2013 and 2023 non-employee director deferral plans; includes dividend equivalent rights; certain units have installment exercise schedules and no expiration date.

Context

• This was a conversion of phantom (deferred) stock into common shares as part of director compensation—not a market buy or sale. Such conversions reflect compensation deferral mechanics rather than a straightforward bullish or bearish trade. No immediate sale of the shares was reported.