Seward James Malcolm 4

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.