Eric Norris - Feb 26, 2024 Form 4 Insider Report for ALBEMARLE CORP (ALB)

Role
President, Energy Storage
Signature
/s/ Stefanie M. Holland, Attorney-in-Fact
Stock symbol
ALB
Transactions as of
Feb 26, 2024
Transactions value $
-$154,087
Form type
4
Date filed
2/28/2024, 05:26 PM
Previous filing
Feb 26, 2024
Next filing
Mar 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALB Common Stock Award $0 +1.99K +6.17% $0.00 34.3K Feb 26, 2024 Direct F1
transaction ALB Common Stock Tax liability -$107K -881 -2.57% $121.52 33.4K Feb 26, 2024 Direct F2
transaction ALB Common Stock Options Exercise $0 +875 +2.62% $0.00 34.3K Feb 26, 2024 Direct F3
transaction ALB Common Stock Tax liability -$47K -387 -1.13% $121.52 33.9K Feb 26, 2024 Direct F4

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 -875 -50% $0.00 875 Feb 26, 2024 Common Stock 875 Direct F3, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares were issued to the Reporting Person on 2/26/2024 as settlement of 50% of the payout earned under the Issuer's 2023 Annual Incentive Plans and vested immediately.
F2 Shares withheld to meet tax liabilities associated with vesting of Common Stock.
F3 Restricted Stock Units originally granted on 2/26/2021. 50% vested on 02/26/2024 and the remaining 50% will vest on 02/26/2025.
F4 Shares withheld to meet tax liabilities associated with vesting of Restricted Stock Units.
F5 Each Restricted Stock Unit converts to 1 share of Common Stock.
F6 No expiration date.