Friedrichs Dale D 4
4 · LyondellBasell Industries N.V. · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
LyondellBasell (LYB) EVP Dale D. Friedrichs RSUs Vest; Shares Withheld
What Happened
Dale D. Friedrichs, Executive Vice President, Operations Excellence & HSE at LyondellBasell, had restricted stock units (RSUs) automatically vest on Feb 22 and Feb 23, 2026. The company withheld 535 shares on Feb 22 (at $56.67 each, $30,318) and 1,047 shares on Feb 23 (at $56.66 each, $59,323) to satisfy tax withholding obligations — a total of 1,582 shares withheld valued at about $89,641. These were not open-market sales but routine share-withholdings to cover taxes.
Key Details
- Transaction dates and amounts:
- Feb 22, 2026: 535 shares withheld @ $56.67 — $30,318 (footnote F1: 2,428 RSUs vested that day).
- Feb 23, 2026: 1,047 shares withheld @ $56.66 — $59,323 (footnote F3: 4,296 RSUs vested that day).
- Total withheld: 1,582 shares; total value ≈ $89,641.
- Shares owned after transaction: not specified in the filing.
- Notable footnotes:
- F1/F3 confirm automatic vesting of RSUs on Feb 22 and Feb 23 and the withholding to cover tax obligations.
- F2/F4 list the reported RSU grants and vesting schedules included in the filing (details of grant dates and vesting years).
- Transaction code: F = payment of exercise price or tax liability (share withholding).
- Filing timeliness: Report filed Feb 24, 2026 for transactions on Feb 22–23, 2026 — appears timely (no late filing noted).
Context: This was a routine tax-withholding settlement of vested RSUs (a form of compensation), not an open-market sale indicating a change in investment stance. For retail investors, withholding of shares on vesting is standard practice and should not be interpreted as the insider selling shares for liquidity or signaling.
Insider Transaction Report
- Tax Payment
Class A Ordinary Shares
[F1][F2]2026-02-22$56.67/sh−535$30,318→ 49,138 total - Tax Payment
Class A Ordinary Shares
[F3][F4]2026-02-23$56.66/sh−1,047$59,323→ 48,091 total
Footnotes (4)
- [F1]On February 22, 2026 the reporting person's restricted stock units automatically vested 2,428 shares. 535 shares were withheld by the issuer to satisfy the issuer's tax withholding obligations.
- [F2]Includes 16,013 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, 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]On February 23, 2026 the reporting person's restricted stock units automatically vested 4,296 shares. 1,047 shares were withheld by the issuer to satisfy the issuer's tax withholding obligations.
- [F4]Includes 11,717 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan: 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.