OConnell Diarmuid B. 4
Research Summary
AI-generated summary
Albemarle Director Diarmuid O'Connell Receives 1,286-Share Award
What Happened
- Diarmuid B. O'Connell, a non-employee director of Albemarle Corporation (ALB), was granted a total of 1,286 shares on July 1, 2026 (1,250 shares + 36 shares). The awards were recorded at $0.00 per share (stock compensation/settlement, not an open-market purchase or sale). The 1,250-share installment is director compensation that vests on July 1, 2027; the 36 shares reflect dividend accruals settled in stock.
Key Details
- Transaction date(s): July 1, 2026; Form 4 filed July 6, 2026 (appears timely given holiday/weekend observance).
- Grant details: 1,250 shares granted under the 2023 Directors Plan (annual non-employee director installment); 36 shares issued to settle dividends on a prior award.
- Price: $0.00 per share (award/settlement).
- Holdings adjustment: Reporting indicates a transfer of 893 shares pursuant to a separation-of-assets agreement (holding totals were adjusted accordingly).
- Footnotes: F1 = annual director installment (vests 7/1/2027); F3 = dividends from a 7/1/2025 award settled in shares after vesting 7/1/2026; F2 = adjustment for transfer of 893 shares.
Context
- These are award/compensation transactions (code A), not purchases or sales — common for non-employee directors and not a direct cash outlay or market trade. Awards typically vest over time; here the main grant vests in one year. Transfers and dividend settlements are administrative and do not necessarily indicate the director's view on the stock.