Cheryl Maguire - Jan 20, 2022 Form 4 Insider Report for LSB INDUSTRIES INC (LXU)

Role: EVP/CFO
Signature: /s/ Cheryl Maguire
Stock symbol: LXU
Transactions as of: Jan 20, 2022
Transactions value $: $176,597
Form type: 4
Date filed: 1/24/2022, 05:35 PM
Previous filing: Jan 3, 2022
Next filing: Jan 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LXU	Common Stock	Award	$381K	+36.8K	+12.1%	$10.35	341K	Jan 20, 2022	Direct	F1
transaction	LXU	Common Stock	Tax liability	-$142K	-14.4K	-4.22%	$9.85	327K	Jan 21, 2022	Direct	F2
transaction	LXU	Common Stock	Tax liability	-$62.5K	-6.35K	-1.94%	$9.85	320K	Jan 21, 2022	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Restricted Stock Units ("RSU") awarded pursuant to the LSB Industries, Inc. 2016 Incentive Stock Plan (as amended). Fifty percent of the RSU grant is time-based and fifty percent is performance-based. For the time-based awards, one-third of the award will vest on the first anniversary of the grant date, and each subsequent anniversary, such that 100% of the time based RSU award shall be vested on the third anniversary of the grant date. The performance-based RSUs granted under this award will vest on the third anniversary of the grant date subject to the achievement of certain performance metrics established by the Board of Directors as set out in the grant. Upon third anniversary grant may be modified in a range between 0 and 200% based upon achievement of the performance goals.
F2	Shares withheld to pay taxes upon vesting of Restricted Stock Award previously awarded pursuant to the LSB Industries, Inc. 2016 Long Term Incentive Plan.

Content

Restricted Stock Units ("RSU") awarded pursuant to the LSB Industries, Inc. 2016 Incentive Stock Plan (as amended). Fifty percent of the RSU grant is time-based and fifty percent is performance-based. For the time-based awards, one-third of the award will vest on the first anniversary of the grant date, and each subsequent anniversary, such that 100% of the time based RSU award shall be vested on the third anniversary of the grant date. The performance-based RSUs granted under this award will vest on the third anniversary of the grant date subject to the achievement of certain performance metrics established by the Board of Directors as set out in the grant. Upon third anniversary grant may be modified in a range between 0 and 200% based upon achievement of the performance goals.

Shares withheld to pay taxes upon vesting of Restricted Stock Award previously awarded pursuant to the LSB Industries, Inc. 2016 Long Term Incentive Plan.