LyondellBasell (LYB) Director Bridget Karlin Receives Award, Sells 111 Shares

What Happened

• Bridget E. Karlin, a director of LyondellBasell Industries N.V. (LYB), was granted 708 shares (award) on 2026-03-31 and simultaneously had 111 shares disposed to satisfy a tax withholding obligation. The 708-share award shows an acquisition price of $0.00 (award/grant). The 111 shares were disposed at $80.56 per share for a total of $8,942.

Key Details

• Transaction date: 2026-03-31; Form 4 filed 2026-04-02 (no late filing indicated in the provided data).
• Award: 708 shares granted (code A), price reported $0.00.
• Tax withholding/sale: 111 shares disposed (code F) at $80.56/share, proceeds ≈ $8,942.
• Shares owned after the transaction: not specified in the supplied filing details.
• Footnotes:
  • F1: Karlin elected before the year to receive common stock instead of cash for her annual retainer (paid quarterly); shares issued were calculated using a $59.31 average closing price for the applicable quarter.
  • F2: Filing notes inclusion of 2,917 restricted stock units (RSUs) granted under the long-term incentive plan that vest on May 22, 2026.
• Transaction types explained: A = award/grant; F = shares withheld/disposed to cover tax liability.

Context

• This appears to be routine compensation (retainer/award) with a customary tax-withholding sale, not an open-market sell for investment purposes. The award increases her equity holdings, while the 111-share disposition is to satisfy taxes on the grant.