Friedrichs Dale D 4

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.