Friedrichs Dale D 4
Research Summary
AI-generated summary
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.