Seward James Malcolm 4

What Happened

• Seward James Malcolm, EVP & Chief Innovation Officer of LyondellBasell (LYB), had 2,100 restricted stock units (RSUs) vest on Feb 27, 2026. To satisfy tax withholding obligations, 1,040 of those vested shares were withheld (disposed) at an implied value of $57.52 per share — about $59,821. The remaining 1,060 vested shares were issued to him.
• On Feb 28, 2026 he was granted 12,209 new RSUs (reported as an acquisition at $0). Those RSUs are time‑vesting awards that vest in three equal tranches: 4,071 on Feb 28, 2027; 4,069 on Feb 28, 2028; and 4,069 on Feb 28, 2029.

Key Details

• Transactions filed on Form 4: Feb 27, 2026 (tax withholding/disposition of 1,040 shares at $57.52, $59,821) and Feb 28, 2026 (grant of 12,209 RSUs at $0).
• The Feb 27 vesting converted 2,100 RSUs to shares; 1,040 were withheld to cover taxes, leaving 1,060 delivered to the insider.
• The 12,209 RSUs reported are time‑vesting (4,071 / 4,069 / 4,069 in 2027–2029).
• Filing date: March 3, 2026. Based on the transaction dates, the Form 4 appears to be filed within required timing (timely).
• Transaction codes: F = tax withholding (disposition), A = award/grant (RSUs). These are routine compensation and withholding actions, not open‑market buys or sales for investment.

Context

• The 1,040‑share disposition was a cashless withholding to satisfy taxes on vested RSUs — a common, routine transaction that does not necessarily indicate a view on the stock.
• The 12,209 RSUs are not open‑market purchases; they are restricted awards that vest over time, so they represent future potential equity rather than immediate bought shares.
• No evidence in the filing excerpt of a 10% owner or a 10b5‑1 plan; this is routine insider compensation reporting for an executive.