Ledet Aaron J 4

What Happened
Aaron J. Ledet, EVP, I&D & Supply Chain at LyondellBasell (LYB), had restricted stock units (RSUs) vest on Feb 22 and Feb 23, 2026. To satisfy tax withholding obligations the issuer withheld 333 shares on Feb 22 at $56.67 ($18,871) and 354 shares on Feb 23 at $56.66 ($20,058), for a combined withholding value of $38,929. These were tax-withholding (code F) dispositions — not open-market sales.

Key Details

• Transaction dates and amounts:
  • Feb 22, 2026: 333 shares withheld at $56.67 — $18,871 (related to 1,232 RSUs that vested that day). (Footnote F1)
  • Feb 23, 2026: 354 shares withheld at $56.66 — $20,058 (related to 1,453 RSUs that vested that day). (Footnote F3)
• Combined withheld shares: 687; combined value: $38,929.
• Reported RSU balances in footnotes: F2 references 10,176 RSUs (grants from 2023–2025); F4 references 8,723 RSUs (post-vesting mix of grants). These footnotes reflect outstanding/unvested RSU grants and vesting schedules.
• Transaction code F = tax withholding; this is a routine, non-market disposition to cover taxes on vested awards.
• Filing: Form 4 was filed Feb 24, 2026 for transactions on Feb 22–23, 2026 (timely filing).

Context
These transactions represent automatic vesting of RSUs with a cashless withholding to pay taxes — common for executive equity awards. Because shares were withheld by the company (not sold in the open market), this does not reflect a discretionary sale by the insider and should be viewed as a routine tax-related transaction rather than a signal of sentiment.