Rhenman Torkel 4

What Happened Torkel Rhenman, EVP of Advanced Polymer Solutions at LyondellBasell (LYB), had restricted stock units (RSUs) automatically vest on Feb 22 and Feb 23, 2026. On Feb 22, 3,473 RSUs vested and the issuer withheld 846 shares at $56.67/share ($47,943) to cover tax withholding. On Feb 23, 6,361 RSUs vested and the issuer withheld 1,549 shares at $56.66/share ($87,766). In total 9,834 RSUs vested and 2,395 shares were withheld (total value ≈ $135,709). These were tax-withholding dispositions (transaction code F), not discretionary open-market sales.

Key Details

• Transaction dates/prices/values:
  • 2026-02-22: 846 shares withheld @ $56.67 = $47,943 (F)
  • 2026-02-23: 1,549 shares withheld @ $56.66 = $87,766 (F)
• Total vested shares in these events: 9,834; total shares withheld for taxes: 2,395; shares delivered to Rhenman after withholding: 7,439.
• Footnotes:
  • F1/F3: Confirm automatic vesting on Feb 22 (3,473 RSUs) and Feb 23 (6,361 RSUs); withholding used to satisfy tax obligations.
  • F2/F4: Filing lists grant schedules/remaining RSU balances (e.g., 22,928 RSUs and 16,567 RSUs referenced across grants with varying vest dates).
• Shares owned after transaction: Not specified in this Form 4 filing.
• Filing timeliness: Form filed 2026-02-24 for events on Feb 22–23 — no late filing indicated.

Context This filing reflects routine RSU vesting with a cashless-type settlement (issuer withholding shares to cover taxes). That is different from an insider-initiated sale or purchase — withholding is standard practice and does not necessarily indicate a view on the stock. Transaction code F denotes tax withholding; no 10b5-1 plan, gift, or option exercise beyond the automatic vesting was reported here.