Ledet Aaron J 4
4 · LyondellBasell Industries N.V. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
LyondellBasell (LYB) EVP Aaron Ledet Receives Awards, Sells Shares
What Happened Aaron J. Ledet, EVP, I&D & Supply Chain at LyondellBasell (LYB), received grants/settlement of performance-based stock units totaling 990 shares (727 shares = $40,690; 263 shares = $14,720) at $55.97 per share on Feb 18, 2026. To satisfy tax withholding obligations tied to those awards and dividend equivalents, 294 shares were disposed (78 shares = $4,366; 216 shares = $12,090) at the same price. The performance-based shares were earned and fully vested on Feb 18, 2026 following certification by the company’s Compensation & Talent Development Committee.
Key Details
- Transaction date: February 18, 2026; filing date: February 20, 2026 (filed within 2 business days).
- Price for all reported items: $55.97 per share.
- Acquired (Award/Grant): 727 shares ($40,690) and 263 shares ($14,720) — total 990 shares ($55,410).
- Disposed (Tax withholding): 78 shares ($4,366) and 216 shares ($12,090) — total 294 shares (~$16,456).
- Footnotes of note:
- F3/F1: The disposals represent shares withheld/sold to satisfy tax withholding on vested performance-based units and accrued dividend equivalents.
- F4: The earned performance-based shares were certified and fully vested on Feb 18, 2026.
- F5: Some shares reflect settlement of dividend equivalents accrued on the performance units.
- F2: The reporting person’s RSU grants include 11,408 RSUs from prior grants with vesting dates through 2028.
- Shares owned after the transactions: not specified in the provided excerpt.
- Transaction codes: A = award/acquisition; F = tax withholding (not an open-market sell for investment).
Context These transactions reflect award vesting and routine tax-withholding rather than an open-market directional trade. Performance-based units were certified by the compensation committee and converted to shares; a portion was withheld/sold to cover taxes. No stock-option exercise or 10% owner transaction was reported in this filing.
Insider Transaction Report
- Tax Payment
Class A Ordinary Shares
[F1][F2]2026-02-18$55.97/sh−78$4,366→ 14,988.533 total - Tax Payment
Class A Ordinary Shares
[F3][F2]2026-02-18$55.97/sh−216$12,090→ 14,772.533 total - Award
Class A Ordinary Shares
[F4][F2]2026-02-18$55.97/sh+727$40,690→ 15,499.533 total - Award
Class A Ordinary Shares
[F5][F2]2026-02-18$55.97/sh+263$14,720→ 15,762.533 total
Footnotes (5)
- [F1]Represents shares required to satisfy tax withholding obligations for dividend equivalents accrued of 263 shares in connection with performance-based stock units granted to the Reporting Person on February 23, 2023.
- [F2]Includes 11,408 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan: 1,453 granted on February 23, 2023 that vest on February 23, 2026; 1,232 granted on February 22, 2024 that vest on February 22, 2026; 1,232 granted on February 22, 2024 that vest on February 22, 2027; 2,497 granted on February 27, 2025 that vest on February 27, 2026; 2,497 granted on February 27, 2025 that vest on February 26, 2027 and 2,497 granted on February 27, 2025 that vest on February 26, 2028.
- [F3]Represents shares required to satisfy tax withholding obligations in connection with the vesting of 727 shares of 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.