Karlin Bridget E 4

What Happened

• Bridget E. Karlin, a director of LyondellBasell Industries N.V. (LYB), received 615 shares on 2026-06-30 as a stock award (code A) for her board retainer. The award shows $0.00 acquisition price; the shares were calculated using a quarterly average price of $68.99, implying an approximate grant value of $42,429.
• On the same date, 73 shares were disposed (code F) to satisfy tax withholding at an effective price of $52.65 per share, generating proceeds of $3,843. This disposal appears to be a routine tax-withholding transaction tied to the stock award rather than a market sale for investment purposes.

Key Details

• Transaction date: 2026-06-30; Form 4 filed 2026-07-02 covering the period ending 2026-06-30.
• Award: 615 shares granted (A); acquisition price reported as $0.00; value implicitly calculated at $68.99/share (~$42,429) per footnote.
• Tax withholding: 73 shares withheld/disposed (F) at $52.65/share for ~$3,843 to cover tax liability.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Notable footnotes:
  • F1: Karlin elected to receive stock in lieu of cash retainer; 615 shares based on a $68.99 quarterly average.
  • F2: Filing notes inclusion of 2,321 RSUs granted under the long-term incentive plan that vest on May 21, 2027 (part of her reported holdings).
• No late filing flag provided in the supplied information.

Context

• This is a compensation-related award and a routine tax-withholding disposition; such withholdings are common and do not necessarily signal an insider sale for investment reasons.
• For retail investors: awards increase insider ownership over time, but tax-withholding disposals are administrative. There’s no indication of option exercises being sold into the market or other trading plans associated with these transactions.