Eric Norris - Jan 1, 2025 Form 4 Insider Report for ALBEMARLE CORP (ALB)

Role
Chief Commercial Officer
Signature
/s/ Stefanie M. Holland, Attorney-in-Fact
Stock symbol
ALB
Transactions as of
Jan 1, 2025
Transactions value $
-$51,648
Form type
4
Date filed
1/3/2025, 04:14 PM
Previous filing
Mar 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALB Common Stock Options Exercise $0 +1.75K +4.09% $0.00 44.6K Jan 1, 2025 Direct F1, F2
transaction ALB Common Stock Tax liability -$51.6K -600 -1.35% $86.08 44K Jan 1, 2025 Direct F2, 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 -1.75K -100% $0.00 0 Jan 1, 2025 Common Stock 1.75K Direct F1, F4, F5
* 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% vested on 01/01/2025.
F2 The Reporting Person's holdings reported in Table 1, Column 5 include: 1,759 Restricted Stock Units ("RSUs") granted on February 25, 2022, which vest 100% on February 25, 2025; 2,004 RSUs granted on February 24, 2023, which vest 100% on February 24, 2026; and 4,231 RSUs granted on February 22, 2024, which vest 100% on February 22, 2027. These RSUs were previously reported in Table 2 in Forms 4 filed 3/1/2022, 2/28/2023 and 2/26/2024, respectively. Starting with this report, RSUs subject to time-based vesting conditions (subject to the terms of the applicable award agreement) 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.
F3 Shares withheld to meet tax liabilities associated with vesting of Performance Stock Units.
F4 Each Performance Stock Unit converts to 1 share of Common Stock.
F5 No expiration date.