Rhenman Torkel 4
4 · LyondellBasell Industries N.V. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
LyondellBasell (LYB) EVP Torkel Rhenman Receives Award, Sells Shares
What Happened
- Rhenman Torkel, Executive VP of Advanced Polymer Solutions at LyondellBasell (LYB), had performance-based stock units vest on Feb 18, 2026. He was credited with 3,180 vested shares (worth $177,985) and received 1,150 shares as settled dividend equivalents (worth $64,366), for a total acquisition of 4,330 shares valued at $242,351.
- To satisfy tax withholding obligations related to these vestings/settlements, 828 shares ($46,343) and 281 shares ($15,728) were surrendered (net-share withholding), a total of 1,109 shares disposed for $62,071. Net increase in shares = 3,221 (4,330 acquired − 1,109 withheld).
Key Details
- Transaction date: 2026-02-18; reported on Form 4 filed 2026-02-20 (appears timely).
- Prices: all entries reported at $55.97 per share.
- Acquired: 3,180 shares ($177,985) and 1,150 shares ($64,366). Disposed (withheld for taxes): 828 shares ($46,343) and 281 shares ($15,728).
- Shares owned after transaction: not specified in the filing.
- Notable footnotes:
- F1/F3: The 828 and 281 shares were withheld to satisfy tax withholding on the vesting and dividend-equivalent settlement.
- F4: The 3,180 shares were earned upon certification of performance metrics and fully vested on Feb 18, 2026.
- F5: The 1,150 shares represent settlement of dividend equivalents.
- F2: Notes the Reporting Person has 26,401 RSUs granted under various vesting schedules (details by grant year in the filing).
- Type of transaction codes: A = award/acquisition (vesting/settlement); F = tax withholding (net-share surrender), not an open-market sale.
Context
- These transactions reflect vesting and settlement of performance-based awards and dividend equivalents, with shares withheld to cover taxes (a common net settlement method). This is not a discretionary open-market sale and does not necessarily indicate a change in the insider’s market view.
Insider Transaction Report
Form 4
Rhenman Torkel
EVP, Adv Polymer Solutions
Transactions
- Tax Payment
Class A Ordinary Shares
[F1][F2]2026-02-18$55.97/sh−828$46,343→ 93,826 total - Tax Payment
Class A Ordinary Shares
[F3][F2]2026-02-18$55.97/sh−281$15,728→ 93,545 total - Award
Class A Ordinary Shares
[F4][F2]2026-02-18$55.97/sh+3,180$177,985→ 96,725 total - Award
Class A Ordinary Shares
[F5][F2]2026-02-18$55.97/sh+1,150$64,366→ 97,875 total
Footnotes (5)
- [F1]Represents shares required to satisfy tax withholding obligations in connection with the vesting of 3,180 shares of performance-based stock units granted to the Reporting Person on February 23, 2023.
- [F2]Includes 26,401 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan: 6,361 granted on February 23, 2023 that vest on February 23, 2026; 3,473 granted on February 22, 2024 that vest on February 22, 2026; 3,473 granted on February 22, 2024 that vest on February 22, 2027; 4,366 granted on February 27, 2025 that vest on February 27, 2026; 4,364 granted on February 27, 2025 that vest on February 27, 2027 and 4,364 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 1,150 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.
Signature
/s/ Lara A. Mason, Attorney-in-Fact|2026-02-20