Izquierdo Sabido Agustin 4

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.