J. Kent Masters - 31 Dec 2023 Form 4 Insider Report for ALBEMARLE CORP (ALB)

Role
Chairman & CEO, Director
Signature
/s/ Stefanie M. Holland, Attorney-in-Fact
Issuer symbol
ALB
Transactions as of
31 Dec 2023
Net transactions value
-$1,071,753
Form type
4
Filing time
03 Jan 2024, 20:12:00 UTC
Previous filing
08 May 2023
Next filing
26 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALB Common Stock Options Exercise $0 +16,780 +33% $0.000000 68,246 31 Dec 2023 Direct
transaction ALB Common Stock Tax liability $1,071,753 -7,418 -11% $144.48 60,828 31 Dec 2023 Direct F1

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 Options Exercise $0 -8,032 -95% $0.000000 434 31 Dec 2023 Common Stock 8,032 Direct F2, F3, F4
transaction ALB Restricted Stock Units Options Exercise $0 -8,748 -100% $0.000000* 0 31 Dec 2023 Common Stock 8,748 Direct F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares withheld to meet tax liabilities associated with vesting of Restricted Stock Units.
F2 Each Restricted Stock Unit converts to 1 share of Common Stock.
F3 Restricted Stock Units granted on 02/25/2022. 95% vested on 12/31/2023 and 5% vests on 12/31/2024.
F4 No expiration date.
F5 Restricted Stock Units granted on 02/26/2021 and vested on 12/31/2023.