Kaplan Jeffrey A 4
4 · LyondellBasell Industries N.V. · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
LyondellBasell (LYB) EVP Jeffrey Kaplan Receives 21,203 RSUs
What Happened
Jeffrey A. Kaplan, EVP and General Counsel of LyondellBasell (LYB), had 4,105 restricted stock units (RSUs vest on Feb 27, 2026), of which 1,000 shares were withheld to satisfy tax withholding (disposed at $57.52 each for $57,520). On Feb 28, 2026 he was reported as acquiring 21,203 RSUs (reported acquisition value $0 because these are awards). The 21,203 RSUs vest in three equal tranches over 2027–2029.
Key Details
- Transactions reported: Feb 27, 2026 — 1,000 shares withheld for tax (F) at $57.52 each → $57,520; Feb 28, 2026 — 21,203 RSUs granted (A) at $0.00.
- Vesting schedule for the 21,203 RSUs: 7,069 vest on Feb 28, 2027; 7,067 vest on Feb 28, 2028; 7,067 vest on Feb 28, 2029 (per footnote).
- Footnotes: 1,000 shares withheld to satisfy employer tax withholding; prior and total RSU balances referenced in the filing include larger RSU pools (footnotes detail other grants totaling up to 32,627 RSUs).
- Filing: Form 4 filed Mar 3, 2026 reporting the Feb 27–28 transactions. The filing lists the grant and the tax-withholding disposition; it does not indicate a 10b5-1 plan or that shares were sold in an open-market sale.
Context
RSUs are stock awards that convert to shares only when they vest; the reported acquisition is an award, not a cash purchase (so it’s not an immediate market buy). The 1,000-share disposition was a routine tax-withholding action (common when RSUs vest) and should not be read as a discretionary sale of shares.
Insider Transaction Report
- Tax Payment
Class A Ordinary Shares
[F1][F2]2026-02-27$57.52/sh−1,000$57,520→ 85,471 total - Award
Class A Ordinary Shares
[F3]2026-02-28+21,203→ 106,674 total
Footnotes (3)
- [F1]On February 27, 2026 the reporting person's restricted stock units automatically vested 4,105 shares. 1,000 shares were withheld by the issuer to satisfy the issuer's tax withholding obligations.
- [F2]Includes 11,424 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan: 3,218 granted on February 22, 2024 that vest on February 22, 2027; 4,103 granted on February 27, 2025 that vest on February 27, 2027 and 4,103 granted on February 27, 2025 that vest on February 27, 2028.
- [F3]Includes 32,627 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan: 3,218 granted on February 22, 2024 that vest on February 22, 2027; 4,103 granted on February 27, 2025 that vest on February 27, 2027 and 4,103 granted on February 27, 2025 that vest on February 27, 2028. The 21,203 RSUs reported on this Form 4 vest as follows: 7,069 vest on February 28, 2027, 7,067 vest on February 28, 2028 and 7,067 vest on February 28, 2029.