Conley Trisha L 4
4 · LyondellBasell Industries N.V. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
LyondellBasell (LYB) EVP Trisha Conley Receives 2,729 Shares
What Happened
Trisha L. Conley, EVP, People and Culture at LyondellBasell, had performance-based stock units and related dividend equivalents vest on Feb 18, 2026. She was credited with 2,004 shares (valued at $112,164) and 725 shares (valued at $40,578) at $55.97 per share (total acquired value $152,742). To satisfy tax withholding obligations, 564 shares ($31,567) and 177 shares ($9,907) were surrendered (disposed), leaving a net 1,988 shares retained with a net value of about $111,268. This was a vesting/award settlement, not an open-market buy or sale.
Key Details
- Transaction date(s): Feb 18, 2026; filing date: Feb 20, 2026 (timely)
- Prices and values: all at $55.97 per share; total awarded $152,742; shares withheld for taxes $41,474; net retained value ≈ $111,268
- Shares acquired: 2,729 (2,004 performance-based shares + 725 dividend-equivalent shares)
- Shares withheld/disposed for taxes: 741 (564 + 177)
- Shares owned after transaction: total beneficial ownership not explicitly stated in the Form 4; filing notes 17,287 RSUs outstanding under the issuer’s LTIP (see footnote)
- Notable footnotes: awards relate to performance-based stock units granted Feb 23, 2023 (vested after certification); some shares represent settlement of dividend equivalents; withheld shares satisfy tax withholding obligations
- Filing timeliness: filed within two days of the transaction date (no late filing reported)
Context
This was a standard vesting and settlement of performance awards with shares withheld to cover taxes (cashless withholding), not an open-market sale or purchase. Such filings show compensation-related equity accruals rather than a direct statement of the insider’s market view.
Insider Transaction Report
- Tax Payment
Class A Ordinary Shares
[F1][F2]2026-02-18$55.97/sh−564$31,567→ 18,385 total - Tax Payment
Class A Ordinary Shares
[F3][F2]2026-02-18$55.97/sh−177$9,907→ 18,208 total - Award
Class A Ordinary Shares
[F4][F2]2026-02-18$55.97/sh+2,004$112,164→ 20,212 total - Award
Class A Ordinary Shares
[F5][F2]2026-02-18$55.97/sh+725$40,578→ 20,937 total
Footnotes (5)
- [F1]Represents shares required to satisfy tax withholding obligations in connection with the vesting of 2,004 shares of performance-based stock units granted to the Reporting Person on February 23, 2023.
- [F2]Includes 17,287 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan: 4,008 granted on February 23, 2023 that vest on February 23, 2026; 2,265 granted on February 22, 2024 that vest on February 22, 2026; 2,265 granted on February 22, 2024 that vest on February 22, 2027; 2,917 granted on February 27, 2025 that vest on February 27, 2026; 2,916 granted on February 27, 2025 that vest on February 27, 2027 and 2,916 granted on February 27, 2025 that vest on February 27, 2028.
- [F3]Represents shares required to satisfy tax withholding obligations for dividend equivalents accrued of 725 shares in connection with performance-based stock units granted to the Reporting Person on February 23, 2023.
- [F4]Represents shares earned in connection with the performance-based stock units previously granted and unreportable on February 23, 2023 pursuant to the issuer's long-term incentive plan. Shares were earned based upon the level of attainment of certain performance objectives and continued employment. These shares fully vested on February 18, 2026 following certification by the Issuer's Compensation & Talent Development Committee.
- [F5]Represents shares from the settlement of dividend equivalents that accrued on the performance-based stock units prior to vesting and granted to the Reporting Person on February 23, 2023.