Cramer Ralf Hans 4

What Happened
Ralf Hans Cramer, a director of Albemarle Corporation (ALB), was granted director stock awards and had shares withheld to satisfy tax obligations tied to vesting. On July 1, 2026 he was credited with 1,250 shares (award) and 36 shares (dividend settlement) at $0.00. To cover tax liabilities, 929 shares were withheld/disposed at $136.08 each (proceeds $126,418) and 13 shares were withheld/disposed at $136.08 each (proceeds $1,769), for total tax-withholding proceeds of approximately $128,187. The 1,250-share award vests July 1, 2027; the 36 shares represent dividends on a prior award that vested July 1, 2026.

Key Details

• Transaction date: July 1, 2026; Form 4 filed July 6, 2026 (filing appears late relative to the typical 2-business-day reporting window).
• Transactions recorded:
  • Award/Acquisition (A): 1,250 shares @ $0.00 (issued under the 2023 Directors Plan; vesting July 1, 2027)
  • Award/Acquisition (A): 36 shares @ $0.00 (dividends accrued on a July 1, 2025 award that vested 7/1/2026; settled in shares)
  • Tax withholding/Disposition (F): 929 shares @ $136.08 = $126,418 (withheld to meet tax on the July 1, 2025 grant)
  • Tax withholding/Disposition (F): 13 shares @ $136.08 = $1,769 (withheld to meet tax on accrued dividends)
• Shares withheld/disposed total: 942 shares for ~$128,187 in proceeds to cover taxes.
• Plan: Awards issued under Albemarle’s 2023 Stock Compensation and Deferral Election Plan for Non-Employee Directors.
• Shares owned after the transaction: not disclosed in this filing.
• Filing timeliness: Form filed July 6 for July 1 transactions; appears to be filed after the standard 2-business-day window.

Context

• These transactions are routine director compensation events: awards granted (zero cash price) and an automatic share withholding to satisfy tax obligations. Such tax-withholdings are administrative dispositions, not open-market sales that signal a trading intent.
• The larger award (1,250 shares) vests in the future (7/1/2027), so those shares are not immediately transferable. The smaller award (36 shares) vested and was settled in stock; a portion of those vested shares was withheld for taxes.