Torkel Rhenman - Feb 22, 2023 Form 4 Insider Report for LyondellBasell Industries N.V. (LYB)

Signature
/s/ Lara A. Mason, Attorney-in-Fact
Stock symbol
LYB
Transactions as of
Feb 22, 2023
Transactions value $
$936,944
Form type
4
Date filed
2/24/2023, 05:48 PM
Previous filing
Feb 22, 2023
Next filing
Feb 27, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LYB Class A Ordinary Shares Award $1.18M +12.5K +37.68% $94.89 45.6K Feb 22, 2023 Direct F1, F2
transaction LYB Class A Ordinary Shares Award $264K +2.79K +6.11% $94.89 48.4K Feb 22, 2023 Direct F2, F3
transaction LYB Class A Ordinary Shares Tax liability -$407K -4.29K -8.87% $94.89 44.1K Feb 22, 2023 Direct F2, F4
transaction LYB Class A Ordinary Shares Tax liability -$104K -1.1K -2.49% $94.89 43K Feb 22, 2023 Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares earned in connection with the performance-based stock units previously granted and unreportable on February 20, 2020 pursuant to the issuer's long-term incentive plan. Shares were earned based upon the level of attainment of certain performance objectives and continued employment. These shares fully vested on February 22, 2023 following certification by the Issuer's compensation committee.
F2 Includes 11,848 restricted stock units ("RSUs") granted pursuant to the issuer's long-term incentive plan: 5,878 granted on February 25, 2021 that vest on February 25, 2024 and 5,970 granted on February 24, 2022 that vest on February 24, 2025.
F3 Represents shares from the settlement of dividend equivalents that accrued on the performance-based stock units prior to vesting.
F4 Represents shares required to satisfy tax withholding obligations in connection with the vesting of 12,472 shares of performance-based stock units granted to the Reporting Person on February 20, 2020.
F5 Represents shares required to satisfy tax withholding obligations for dividend equivalents accrued of 2,785 shares in connection with performance-based stock units granted to the Reporting Person on February 20, 2020.