J. Kent Masters - Feb 24, 2023 Form 4 Insider Report for ALBEMARLE CORP (ALB)

Role
Chairman, President & CEO, Director
Signature
/s/ Stefanie M. Holland, Attorney-in-Fact
Stock symbol
ALB
Transactions as of
Feb 24, 2023
Transactions value $
$0
Form type
4
Date filed
2/28/2023, 06:01 PM
Previous filing
Mar 1, 2022
Next filing
Apr 21, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ALB Restricted Stock Units Award $0 +10K $0.00 10K Feb 24, 2023 Common Stock 10K Direct F1, F2, F3
transaction ALB Stock Options Award $0 +25.3K $0.00 25.3K Feb 24, 2023 Common Stock 25.3K $249.52 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit converts to 1 share of Common Stock.
F2 Restricted Stock Units vest the earlier of 12/31/2025 or the date a successor CEO commences employment as the Company's CEO.
F3 No expiration date.
F4 Stock Options vest the earlier of 12/31/2025 or the date a successor CEO commences employment as the Company's CEO.