Rhenman Torkel 4

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.