Melissa H. Anderson - Feb 22, 2024 Form 4 Insider Report for ALBEMARLE CORP (ALB)

Role
EVP, Chief People Officer
Signature
/s/ Stefanie M. Holland, Attorney-in-Fact
Stock symbol
ALB
Transactions as of
Feb 22, 2024
Transactions value $
-$41,245
Form type
4
Date filed
2/26/2024, 09:13 PM
Previous filing
Feb 21, 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 +1,194 +53.49% $0.00 3,426 Feb 22, 2024 Direct F1
transaction ALB Common Stock -Tax liability -$41,245 -349 -10.19% $118.18 3,077 Feb 22, 2024 Direct F2
holding ALB Common Stock 173 Feb 22, 2024 Albemarle Savings Plan F3

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 -1,194 -50% $0.00 1,194 Feb 22, 2024 Common Stock 1,194 Direct F1, F4, F5
transaction ALB Restricted Stock Units +Grant/Award $0 +2,645 $0.00 2,645 Feb 22, 2024 Common Stock 2,645 Direct F5, F6, F7
transaction ALB Stock Options +Grant/Award $0 +6,417 $0.00 6,417 Feb 22, 2024 Common Stock 6,417 $118.18 Direct

Explanation of Responses:

Id Content
F1 Adjusted ROIC Performance Stock Units granted on 02/26/2021. Payout based on 200% performance multiplier. 50% vested on 02/22/2024 and the remaining 50% vest on 01/01/2025. 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 Total number of shares of Common Stock held in the name of the Reporting Person under the Albemarle Corporation Retirement Savings Plan (the "Albemarle Savings Plan") as of the date of this Form 4.
F4 Each Performance Stock Unit converts to 1 share of Common Stock.
F5 No expiration date.
F6 Each Restricted Stock Unit converts to 1 share of Common Stock.
F7 Restricted Stock Units vest 100% on 02/22/2027, subject to continued employment.