Izquierdo Sabido Agustin 4
4 · LyondellBasell Industries N.V. · Filed Feb 20, 2026
Research Summary
AI-generated summary of this filing
LyondellBasell (LYB) CFO Agustin Izquierdo Receives Award, Withholds Shares
What Happened
- Agustin Izquierdo, Chief Financial Officer of LyondellBasell (LYB), had performance-based awards and dividend-equivalent shares vest/settle on Feb 18, 2026. A total of 289 shares were acquired (212 shares and 77 shares) at an implied value of $55.97 each (total acquired value $16,176). To satisfy tax withholding obligations, 86 shares (63 and 23) were surrendered at the same $55.97 price (total withheld value $4,813). Net result: Izquierdo's position increased by 203 shares (289 acquired − 86 withheld).
Key Details
- Transaction date: February 18, 2026. All share amounts priced at $55.97.
- Acquired: 212 shares (value $11,866) and 77 shares (value $4,310) — total acquired value $16,176.
- Withheld/disposed for taxes: 63 shares (value $3,526) and 23 shares (value $1,287) — total withheld value $4,813.
- Net change: +203 shares.
- Shares owned after transaction: not specified in the filing.
- Notable footnotes from the filing:
- F1/F3: The 63 and 23 shares were surrendered to satisfy tax withholding on the vesting/settlement of performance-based stock units and related dividend equivalents.
- F4: The 212 shares were earned from performance-based stock units granted Feb 23, 2023 and fully vested on Feb 18, 2026 after certification by the Compensation & Talent Development Committee.
- F5: The 77 shares reflect settlement of dividend equivalents that accrued on those performance-based units.
- F2: The filing also discloses a schedule totaling 9,725 RSUs granted under the long‑term incentive plan across multiple grant dates and vesting schedules.
- Filing timeliness: Transaction dated 2/18/2026 and Form 4 filed 2/20/2026 — within the typical SEC two-business-day reporting window (timely).
Context
- This was not an open‑market buy or sale — it reflects awards vesting/settling and routine tax-withholding (code A = grant/acquisition; code F = tax withholding). Such withholding transactions are administrative and common when equity awards vest; they do not necessarily signal a change in the insider’s view of the company.
- For retail investors: purchases (open‑market buys) tend to be more directly informative than routine award vesting. Here the key takeaway is that performance-based awards vested after committee certification, and required standard tax withholding.
Insider Transaction Report
Form 4
Izquierdo Sabido Agustin
EVP & Chief Financial Officer
Transactions
- Tax Payment
Class A Ordinary Shares
[F1][F2]2026-02-18$55.97/sh−63$3,526→ 14,031 total - Tax Payment
Class A Ordinary Shares
[F3][F2]2026-02-18$55.97/sh−23$1,287→ 14,008 total - Award
Class A Ordinary Shares
[F4][F2]2026-02-18$55.97/sh+212$11,866→ 14,220 total - Award
Class A Ordinary Shares
[F5][F2]2026-02-18$55.97/sh+77$4,310→ 14,297 total
Footnotes (5)
- [F1]Represents shares required to satisfy tax withholding obligations in connection with the vesting of 212 shares of performance-based stock units granted to the Reporting Person on February 23, 2023.
- [F2]Represents 9,725 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan: 424 granted on February 23, 2023 that vest on February 23, 2026; 242 granted on February 22, 2024 that vest on February 22, 2026; 242 granted on February 22, 2024 that vest on February 22, 2027; 182 granted on April 15, 2024 that vest on April 15, 2026; 182 granted on April 15, 2024 that vest on April 15, 2027; 2,819 granted on February 27, 2025 that vest on February 27, 2026; 2,817 granted on February 27, 2025 that vest on February 27, 2027 and 2,817 granted on February 27, 2025 that vest on February 27, 2028.
- [F3]Represents shares required to satisfy tax withholding obligations for dividend equivalents accrued of 77 shares in connection with 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.
Signature
/s/ Lara A. Mason, Attorney-in-Fact|2026-02-20