KAMSKY VIRGINIA A 4
Research Summary
AI-generated summary
LyondellBasell Director Virginia Kamsky Receives Award, Sells 142 Shares
What Happened
- Virginia A. Kamsky, a director of LyondellBasell Industries N.V. (LYB), was issued 646 shares on 2026-03-31 as an award (A) and simultaneously had 142 shares disposed (F) to satisfy a tax withholding obligation. The 142 shares were withheld at $80.56 per share for a total withholding value of $11,440. The 646-share award was recorded at $0.00 cost to the reporting person.
Key Details
- Transaction date: 2026-03-31; Form 4 filed: 2026-04-02 (filed within the typical 2-business-day window).
- Award: 646 shares issued (code A) at $0.00.
- Tax withholding: 142 shares disposed (code F) at $80.56, total value $11,440.
- Shares owned after the transaction: not specified in the filing.
- Footnote F1: The 646 shares reflect an election to receive common stock in lieu of cash for the annual retainer; number of shares was calculated using a $59.31 average share price for the quarter.
- Footnote F2: The filing also notes 2,917 restricted stock units (RSUs) granted under the long-term incentive plan that vest on May 22, 2026.
Context
- The disposition (code F) represents shares surrendered to cover tax withholding — a routine, non-market-sale event (cashless withholding) rather than an open-market sale.
- The award arose from a retainer election (receiving stock instead of cash) and does not by itself indicate a change in sentiment about the company.