Seward James Malcolm 4
4 · LyondellBasell Industries N.V. · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
LyondellBasell (LYB) EVP Seward Malcolm Sells 2,147 Shares
What Happened
James Malcolm, EVP & Chief Innovation Officer of LyondellBasell (LYB), had restricted stock units (RSUs) vest on Feb 22 and Feb 23, 2026. To satisfy tax withholding, the company withheld 840 shares on Feb 22 at $56.67 ($47,603) and 1,307 shares on Feb 23 at $56.66 ($74,055), for a total of 2,147 shares withheld and $121,658 in proceeds. These were tax-withholding dispositions (code F), not open-market sales.
Key Details
- Transaction dates and prices:
- 2026-02-22: 840 shares withheld @ $56.67 = $47,603
- 2026-02-23: 1,307 shares withheld @ $56.66 = $74,055
- Total withheld: 2,147 shares for $121,658
- Vesting and net shares delivered:
- Feb 22 vesting: 1,696 RSUs vested; 840 withheld → 856 net shares delivered to Malcolm
- Feb 23 vesting: 2,639 RSUs vested; 1,307 withheld → 1,332 net shares delivered
- Total vested across both dates: 4,335 RSUs; total net delivered: 2,188 shares
- Footnotes / holdings: filing notes prior RSU grants and vesting schedules (see F2/F4) describing remaining RSUs with various future vest dates; the withholding transactions relate to automatic RSU vesting.
- Transaction code: F = shares withheld to satisfy tax withholding on vested awards (cashless/tax-withholding), not a discretionary sale by the insider.
- Filing timeliness: Report filed 2026-02-24 for report period 2026-02-22 — appears timely (no late filing indicated).
Context
These transactions are routine tax-withholding dispositions tied to RSU vesting (a form of automatic, non-discretionary share withholding). They do not necessarily indicate the insider’s view on the company’s stock — purchases typically carry more interpretive weight for bullish signals.
Insider Transaction Report
- Tax Payment
Class A Ordinary Shares
[F1][F2]2026-02-22$56.67/sh−840$47,603→ 35,869 total - Tax Payment
Class A Ordinary Shares
[F3][F4]2026-02-23$56.66/sh−1,307$74,055→ 34,562 total
Footnotes (4)
- [F1]On February 22, 2026 the reporting person's restricted stock units automatically vested 1,696 shares. 840 shares were withheld by the issuer to satisfy the issuer's tax withholding obligations.
- [F2]Includes 10,633 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, 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]On February 23, 2026 the reporting person's restricted stock units automatically vested 2,639 shares. 1,307 shares were withheld by the issuer to satisfy the issuer's tax withholding obligations.
- [F4]Includes 7,994 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan: 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.