LyondellBasell Industries N.V.·4

Feb 24, 4:29 PM ET

Foley Kimberly A 4

Research Summary

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Updated

LyondellBasell (LYB) EVP Kimberly Foley Receives RSU Award

What Happened

  • Kimberly A. Foley, EVP, Global O&P and Refining at LyondellBasell (LYB), had restricted stock units (RSUs) automatically vest on Feb 22 and Feb 23, 2026. A total of 8,931 RSUs vested (3,365 on Feb 22; 5,566 on Feb 23). To satisfy tax withholding obligations the issuer withheld and “disposed” 820 shares on Feb 22 at $56.67 (proceeds/value $46,469) and 1,356 shares on Feb 23 at $56.66 (value $76,831), totaling 2,176 shares withheld (~$123,300). This was a routine tax-withholding disposition tied to RSU vesting rather than an open-market sale.

Key Details

  • Transaction dates & prices: Feb 22, 2026 — 820 shares withheld @ $56.67 ($46,469); Feb 23, 2026 — 1,356 shares withheld @ $56.66 ($76,831).
  • Total RSUs vested: 3,365 (2/22) + 5,566 (2/23) = 8,931 RSUs vested.
  • Shares withheld for taxes: 2,176 shares; total value of withheld shares ≈ $123,300.
  • Footnotes: Vesting and withholding are per the issuer’s long-term incentive plan (details on grant vintages and remaining vesting schedules included in filing). Codes: F = tax/withholding disposition.
  • Filing timeliness: Report filed 2026-02-24 covering transactions on 2/22–2/23; filing appears timely (no late-filing indication).

Context

  • This was a standard RSU vesting event with shares withheld to cover tax obligations (a cashless tax withholding). Withheld shares are reported as dispositions but do not necessarily indicate the insider is selling stock for investment reasons.