Vanacker Peter Z. E. 4

What Happened

• LyondellBasell CEO Peter Z. E. Vanacker received 19,208 shares (5,102 + 14,106) as the settlement/vesting of performance-based stock units and related dividend equivalents on Feb 18, 2026. The reported per-share value was $55.97, totaling about $1.08M.
• To satisfy tax withholding obligations, 4,883 shares were disposed (withheld) at the same $55.97 price (totaling ~$273k), producing a net increase of 14,325 shares to his holdings (net value ≈ $802k).

Key Details

• Transaction date: 2026-02-18; Form 4 filed 2026-02-20 (timely filing).
• Price: $55.97 per share for all reported items.
• Acquisitions: 5,102 shares (dividend equivalents) valued $285,559; 14,106 shares (vested performance units) valued $789,513.
• Withholding (taxes): 3,435 shares ($192,257) and 1,448 shares ($81,045) — total 4,883 shares withheld.
• Footnotes of note:
  • F1/F4: 5,102 shares represent dividend equivalents on performance-based stock units granted Feb 23, 2023.
  • F3: Withholding shares relate to the vesting of the 14,106 performance-based shares.
  • F5: The performance-based shares were earned and fully vested on Feb 18, 2026 after certification by the Compensation & Talent Development Committee.
  • F2: The filing references 116,241 RSUs granted over 2023–2025 with various future vesting dates (details in footnote).
• Shares owned after transaction: total beneficial ownership after these transactions is not explicitly stated in the provided excerpt of the filing.

Context

• These transactions reflect the vesting and settlement of performance-based equity and dividend equivalents, not an open‑market purchase or sale. The disposals reported were share withholding for taxes (routine, cashless-type withholding) rather than a voluntary sale.
• For retail investors: vested awards increase an insider’s stake but do not necessarily signal a purchase decision; they are commonly part of executive compensation and subject to prior grant terms and committee certification.