Hayes Matthew D 4

What Happened

• Matthew D. Hayes, SVP & CAO of LyondellBasell Industries (LYB), had restricted stock units (RSUs) vest in late February 2026 and the company withheld a portion of the vested shares to satisfy tax-withholding obligations. On Feb 22, 2026, 237 RSUs vested and 71 shares were withheld (71 @ $56.67 = $4,024). On Feb 23, 2026, 417 RSUs vested and 124 shares were withheld (124 @ $56.66 = $7,026). Total shares withheld: 195; total value withheld: approximately $11,050. These withholdings are reported as dispositions under transaction code F (tax withholding).

Key Details

• Transaction dates and prices:
  • 2026-02-22: 71 shares withheld at $56.67 (≈ $4,024)
  • 2026-02-23: 124 shares withheld at $56.66 (≈ $7,026)
• Total withheld: 195 shares for ≈ $11,050 to satisfy tax withholding on RSU vesting.
• Vested RSUs: 237 RSUs vested on 2/22/2026; 417 RSUs vested on 2/23/2026 (per footnotes).
• Footnotes list outstanding RSU grants from 2023–2025 with various future vesting dates (the filing shows the officer has multiple RSU grant tranches).
• Shares owned after the transactions: not specified in the provided filing.
• Filing: Form 4 filed 2026-02-24 reporting the 2/22 and 2/23 dispositions — appears to be filed within the normal reporting window (timely).

Context

• Code F transactions denote shares withheld by the issuer to cover tax obligations on vested awards (a common, administrative "sell-to-cover" or cashless withholding), not an open-market sale signaling a change in sentiment.
• This is routine compensation-related activity tied to RSU vesting; it should be interpreted as tax withholding rather than a discretionary sale or purchase.