John Clarence Barichivich III - Feb 22, 2024 Form 4 Insider Report for ALBEMARLE CORP (ALB)

Role
VP, Controller & CAO
Signature
/s/ Stefanie M. Holland, Attorney-in-Fact
Stock symbol
ALB
Transactions as of
Feb 22, 2024
Transactions value $
-$9,691
Form type
4
Date filed
2/26/2024, 09:16 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 +280 +5.14% $0.00 5.73K Feb 22, 2024 Direct F1
transaction ALB Common Stock Tax liability -$9.69K -82 -1.43% $118.18 5.64K Feb 22, 2024 Direct F2
holding ALB Common Stock 1.23K 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 -280 -50% $0.00 280 Feb 22, 2024 Common Stock 280 Direct F1, F4, F5
transaction ALB Restricted Stock Units Award $0 +847 $0.00 847 Feb 22, 2024 Common Stock 847 Direct F5, F6, F7
transaction ALB Stock Options Award $0 +2.05K $0.00 2.05K Feb 22, 2024 Common Stock 2.05K $118.18 Direct
* 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. 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.