J. Kent Masters - Feb 22, 2024 Form 4 Insider Report for ALBEMARLE CORP (ALB)

Role
Chairman & CEO, Director
Signature
/s/ Stefanie M. Holland, Attorney-in-Fact
Stock symbol
ALB
Transactions as of
Feb 22, 2024
Transactions value $
-$763,916
Form type
4
Date filed
2/26/2024, 08:45 PM
Previous filing
Jan 3, 2024
Next filing
Feb 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALB Common Stock Options Exercise $0 +17.5K +28.76% $0.00 78.3K Feb 22, 2024 Direct F1
transaction ALB Common Stock Tax liability -$764K -6.46K -8.25% $118.18 71.9K Feb 22, 2024 Direct F2

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 Performance Stock Units Options Exercise $0 -17.5K -100% $0.00* 0 Feb 22, 2024 Common Stock 17.5K Direct F1, F3, F4
transaction ALB Restricted Stock Units Award $0 +21.2K $0.00 21.2K Feb 22, 2024 Common Stock 21.2K Direct F4, F5, F6
transaction ALB Stock Options Award $0 +51.3K $0.00 51.3K Feb 22, 2024 Common Stock 51.3K $118.18 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Adjusted ROIC Performance Stock Units granted on 02/26/2021. Payout based on 200% performance multiplier and all units vested on 02/22/2024. Threshold performance was not achieved under the terms of the rTSR Performance Stock Units also granted on 02/26/2021 and no Common Stock was earned or paid under this grant.
F2 Shares withheld to meet tax liabilities associated with vesting of Performance Stock Units.
F3 Each Performance Stock Unit converts into 1 share of Common Stock.
F4 No expiration date.
F5 Each Restricted Stock Unit converts to 1 share of Common Stock.
F6 Restricted Stock Units vest 100% on the earlier of 12/31/2025 or the date a successor Chief Executive Officer commences employment with the Issuer.
F7 Stock Options vest on the earlier of 12/31/2025 or the date a successor Chief Executive Officer commences employment with the Issuer.