Melissa H. Anderson - 26 Feb 2024 Form 4 Insider Report for ALBEMARLE CORP (ALB)

Role
EVP, Chief People Officer
Signature
/s/ Stefanie M. Holland, Attorney-in-Fact
Issuer symbol
ALB
Transactions as of
26 Feb 2024
Net transactions value
-$107,181
Form type
4
Filing time
28 Feb 2024, 17:32:43 UTC
Previous filing
26 Feb 2024
Next filing
13 May 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 Award $0 +1,398 +45% $0.000000 4,475 26 Feb 2024 Direct F1
transaction ALB Common Stock Tax liability $75,099 -618 -14% $121.52 3,857 26 Feb 2024 Direct F2
transaction ALB Common Stock Options Exercise $0 +597 +15% $0.000000 4,454 26 Feb 2024 Direct F3
transaction ALB Common Stock Tax liability $32,081 -264 -5.9% $121.52 4,190 26 Feb 2024 Direct F4
holding ALB Common Stock 173 26 Feb 2024 Albemarle Savings Plan F5

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 -597 -50% $0.000000 597 26 Feb 2024 Common Stock 597 Direct F3, F6, F7
* 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 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.
F6 Each Restricted Stock Unit converts to 1 share of Common Stock.
F7 No expiration date.