J. Kent Masters - 31 Dec 2024 Form 4 Insider Report for ALBEMARLE CORP (ALB)

Signature
/s/ Stefanie M. Holland, Attorney-in-Fact
Issuer symbol
ALB
Transactions as of
31 Dec 2024
Net transactions value
-$16,527
Form type
4
Filing time
03 Jan 2025, 16:12:15 UTC
Previous filing
06 Dec 2024
Next filing
03 Mar 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALB Common Stock Options Exercise $0 +434 +0.41% $0.000000 105,356 31 Dec 2024 Direct F1
transaction ALB Common Stock Tax liability $16,527 -192 -0.18% $86.08 105,164 31 Dec 2024 Direct F1, 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 Restricted Stock Units Options Exercise $0 -434 -100% $0.000000 0 31 Dec 2024 Common Stock 434 Direct F3, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person's holdings reported in Table 1, Column 5 include: 10,020 Restricted Stock Units ("RSUs") granted on February 24, 2023, and 21,155 RSUs granted on February 22, 2024, which were previously reported in Table 2 in Forms 4 filed 2/28/2023 and 2/26/2024, respectively. These RSUs will vest 100% on the earlier of 12/31/2025 or the date a successor Chief Executive Officer commences employment with the Issuer (subject to the terms of the applicable award agreement). Starting with this report, RSUs subject to time-based vesting conditions will be reported in Table 1 at grant and in Column 5 as beneficially owned for consistency in reporting methodology amongst reporting persons of the Issuer.
F2 Shares withheld to meet tax liabilities associated with vesting of RSUs.
F3 Each RSU converts to 1 share of Common Stock.
F4 RSUs granted on 02/25/2022. 95% vested on 12/31/2023 and remaining 5% vested on 12/31/2024.
F5 No expiration date.