Conley Trisha L 4

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.