Lima Cynthia Renee 4
Research Summary
AI-generated summary
Albemarle (ALB) SVP Cynthia Lima Withholds Shares for Taxes
What Happened Cynthia Renee Lima, Senior Vice President, External Affairs & Communications at Albemarle Corp (ALB), had 340 shares withheld to satisfy tax liabilities tied to vested Restricted Stock Units (RSUs). The withholding occurred on 2026-02-24 in two dispositions: 196 shares at $186.83 ($36,619) and 144 shares at $186.83 ($26,904), totaling $63,523. These are tax-withholding dispositions (transaction code F), not open-market sales.
Key Details
- Transaction date: 2026-02-24; Filing date: 2026-02-26 (timely).
- Shares withheld: 196 @ $186.83 and 144 @ $186.83 (total 340 shares; total value $63,523).
- Transaction code: F (shares withheld to meet tax liabilities on RSU vesting).
- Holdings update: Filing revises reported holdings to include 4,806 unvested RSUs now reported as beneficially owned for consistency (see footnote F3).
- Exhibits/remarks: EX-24 Power of Attorney included.
Context This was a routine tax-withholding action tied to RSU vesting—essentially a cashless transaction where the company retains shares to cover taxes. Such withholdings are common and do not necessarily signal insider views on the company’s stock.
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