Seward James Malcolm 4
4 · LyondellBasell Industries N.V. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
LyondellBasell (LYB) EVP Seward James Malcolm Receives Awards, Sells Shares
What Happened
- Seward James Malcolm, EVP & Chief Innovation Officer of LyondellBasell (LYB), reported vesting-related transactions on Feb 18, 2026. He acquired 1,319 shares (value $73,824) and 477 shares (value $26,698) at $55.97 each (total acquired 1,796 shares, $100,522). To satisfy tax withholding, 653 shares ($36,548) and 237 shares ($13,265) were withheld/disposed at $55.97 each (total withheld 890 shares, $49,813). Net effect: a gain of 906 shares (~$50,709) retained after withholding. These transactions reflect vesting/settlement of performance-based stock units and dividend equivalents, not open-market purchases or sales.
Key Details
- Transaction date: February 18, 2026; Report filed: February 20, 2026 (appears timely).
- Price: $55.97 per share for all reported dispositions and acquisitions.
- Specifics: Disposed (tax withholding) — 653 shares ($36,548) and 237 shares ($13,265). Acquired — 1,319 shares ($73,824) and 477 shares ($26,698).
- Shares owned after transaction: Not specified in the filing.
- Notable footnotes:
- F1/F3: 653 and 237 shares were withheld to satisfy tax obligations related to the vesting of performance-based stock units and dividend equivalents granted Feb 23, 2023.
- F4/F5: 1,319 shares were earned/vested based on performance certification by the Compensation & Talent Development Committee; 477 shares reflect settlement of dividend equivalents.
- F2: Reporting person also holds 12,329 RSUs from various grants with future vesting dates.
- Transaction codes: A = award/acquisition (vesting/settlement); F = shares withheld/disposed for tax withholding (routine).
Context
- These transactions are a common, routine outcome when performance-based awards vest: shares are issued (acquired) and a portion is withheld/retired to cover tax withholding (not an open-market sale indicating negative sentiment).
- The filings show a net increase in the insider’s holdings of 906 shares (~$50.7K at $55.97), reflecting vesting after performance certification.
Insider Transaction Report
Form 4
Seward James Malcolm
EVP & Chief Innovation Officer
Transactions
- Tax Payment
Class A Ordinary Shares
[F1][F2]2026-02-18$55.97/sh−653$36,548→ 35,150 total - Tax Payment
Class A Ordinary Shares
[F3][F2]2026-02-18$55.97/sh−237$13,265→ 34,913 total - Award
Class A Ordinary Shares
[F4][F2]2026-02-18$55.97/sh+1,319$73,824→ 36,232 total - Award
Class A Ordinary Shares
[F5][F2]2026-02-18$55.97/sh+477$26,698→ 36,709 total
Footnotes (5)
- [F1]Represents shares required to satisfy tax withholding obligations in connection with the vesting of 1,319 shares of performance-based stock units granted to the Reporting Person on February 23, 2023.
- [F2]Includes 12,329 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan: 2,639 granted on February 23, 2023 that vest on February 23, 2026; 1,696 granted on February 22, 2024 that vest on February 22, 2026; 1,696 granted on February 22, 2024 that vest on February 22, 2027; 2,100 granted on February 27, 2025 that vest on February 27, 2026, 2,099 granted on February 27, 2025 that vest on February 27, 2027 and 2,099 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 477 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