Ledet Aaron J 4

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.