Friedrichs Dale D 4
4 · LyondellBasell Industries N.V. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
LyondellBasell (LYB) EVP Dale Friedrichs Receives Awards; Sells Shares
What Happened
Dale D. Friedrichs, EVP, Ops Excellence, HSE at LyondellBasell (LYB), had performance-based stock units vest on Feb 18, 2026. He was credited with 2,148 shares (worth $120,224) and 777 dividend-equivalent shares (worth $43,489) at $55.97 per share (total acquired 2,925 shares, ~$163,713). To satisfy tax withholding, 592 shares ($33,134) and 190 shares ($10,634) were withheld/disposed, leaving a net increase of 2,143 shares worth roughly $119,945 at the same price. The transactions were reported on a Form 4 filed Feb 20, 2026.
Key Details
- Transaction date: 2026-02-18; reported on Form 4 filed 2026-02-20 (timely filing).
- Prices: all reported at $55.97 per share.
- Acquisitions (A): 2,148 shares ($120,224) and 777 shares ($43,489).
- Tax withholding/disposals (F): 592 shares ($33,134) and 190 shares ($10,634).
- Net effect: +2,143 shares (2,925 acquired − 782 withheld), ~ $119,945 at $55.97.
- Shares owned after transaction: not specified in the filing.
- Notable footnotes: shares vested upon certification by the Compensation & Talent Development Committee (F4); withholding sales were to satisfy tax obligations on vested performance units (F1, F3); dividend equivalents were settled (F3, F5); F2 lists existing RSU grants previously awarded.
Context
This was vesting of performance-based stock units (award/acquisition) with routine share disposals to cover taxes (tax-withholding, not an open-market sale for investment). Such filings reflect compensation vesting rather than a directional trade signal; purchases (acquisitions) here are from company awards, while the disposals are standard tax-related withholdings.
Insider Transaction Report
- Tax Payment
Class A Ordinary Shares
[F1][F2]2026-02-18$55.97/sh−592$33,134→ 46,938 total - Tax Payment
Class A Ordinary Shares
[F3][F2]2026-02-18$55.97/sh−190$10,634→ 46,748 total - Award
Class A Ordinary Shares
[F4][F2]2026-02-18$55.97/sh+2,148$120,224→ 48,896 total - Award
Class A Ordinary Shares
[F5][F2]2026-02-18$55.97/sh+777$43,489→ 49,673 total
Footnotes (5)
- [F1]Represents shares required to satisfy tax withholding obligations in connection with the vesting of 2,148 shares of performance-based stock units granted to the Reporting Person on February 23, 2023.
- [F2]Includes 18,441 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan: 4,296 granted on February 23, 2023 that vest on February 23, 2026; 2,428 granted on February 22, 2024 that vest on February 22, 2026; 2,428 granted on February 22, 2024 that vest on February 22, 2027; 3,097 granted on February 27, 2025 that vest on February 27, 2026, 3,096 granted on February 27, 2025 that vest on February 27, 2027 and 3,096 granted on February 27, 2025 that vest on February 27, 2028.
- [F3]Represents shares required to satisfy tax withholding obligations for dividend equivalents accrued of 777 shares in connection with performance-based stock units granted to the Reporting Person on February 23, 2023.
- [F4]Represents shares earned in connection with the performance-based stock units previously granted and unreportable on February 23, 2023 pursuant to the issuer's long-term incentive plan. Shares were earned based upon the level of attainment of certain performance objectives and continued employment. These shares fully vested on February 18, 2026 following certification by the Issuer's Compensation & Talent Development Committee.
- [F5]Represents shares from the settlement of dividend equivalents that accrued on the performance-based stock units prior to vesting and granted to the Reporting Person on February 23, 2023.