Izquierdo Sabido Agustin 4

What Happened

• Agustin Izquierdo, CFO of LyondellBasell (LYB), had restricted stock units (RSUs) automatically vest on Feb 22–23, 2026. A total of 666 RSUs vested (242 on Feb 22 and 424 on Feb 23). To satisfy tax-withholding obligations, the issuer withheld 72 shares on Feb 22 at $56.67 ($4,080) and 126 shares on Feb 23 at $56.66 ($7,139), for a combined withholding of 198 shares and approximately $11,219. These transactions are coded "F" on the Form 4 (tax withholding).

Key Details

• Transaction dates and prices:
  • 2026-02-22: 72 shares withheld @ $56.67 = $4,080 (tax withholding on vesting of 242 RSUs) [Footnote F1].
  • 2026-02-23: 126 shares withheld @ $56.66 = $7,139 (tax withholding on vesting of 424 RSUs) [Footnote F3].
• Total withheld: 198 shares; total proceeds reported ≈ $11,219.
• Shares owned after the transactions: Not specified in the filing.
• Footnotes: Filing explains these were automatic RSU vestings and gives the grant/vesting schedules for the RSU awards (see F1–F4). F indicates shares were withheld to satisfy tax obligations (cashless/withholding).
• Filing timeliness: Form filed Feb 24, 2026 for transactions on Feb 22–23 — the filing appears to be timely.

Context

• These transactions were internal compensation events (RSU vesting) with shares withheld for taxes — routine corporate payroll/tax processing rather than open-market sales. Withholding to cover taxes is common and does not necessarily indicate the insider is buying or selling stock for investment reasons.
• Footnotes list multiple RSU grants and vesting schedules (grants from 2023–2025 with various vest dates); the withheld shares relate to the specific tranches that vested Feb 22–23, 2026.