Widmar Mark R 4

What Happened

• Mark R. Widmar, a director of Albemarle Corporation (ALB), was granted 325 phantom stock units on 2026-02-26. The units were recorded as a derivative award with an acquisition price of $0.00. These phantom units convert 1-for-1 into common stock and are part of non-employee director compensation.

Key Details

• Transaction date: 2026-02-26; Filing date: 2026-03-02 (Form 4 accession 0000915913-26-000026).
• Grant type: Derivative award (phantom stock units) — 325 units at $0.00.
• Vesting/payable: Units convert to shares and are payable as common stock under the 2023 Directors Plan; vest on July 1, 2026.
• Other footnotes: No expiration date on the units; grant represents a pro‑rata annual installment under the 2023 Stock Compensation and Deferral Election Plan for Non‑Employee Directors.
• Shares owned after transaction: Not disclosed in the provided filing summary.
• Timeliness: Filing shows a 2026-03-02 Form 4 for a 2026-02-26 grant; no late-filing flag indicated.

Context

• This was a routine director compensation award (not an open-market purchase or sale). Phantom units are a form of deferred equity — they convert to actual shares under plan terms and typically vest at a future date (here, July 1, 2026), so they do not represent immediately tradable shares. Such grants are common for non-employee directors and are compensation-related rather than a direct trading signal.