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Insider Trends: Insider at LyondellBasell Industries Acquires Stock Via Option/Derivative Security, Sells Portion to Pay Tax, Selling Trend Continues

05/11/2021 13:39

05:35 PM EDT, 05/11/2021 (MT Newswires) -- On May 07, 2021, Kenneth Todd Lane, EVP, Global O&P, exercised options/derivative securities for 13,149 shares of LyondellBasell Industries (LYB) and sold 10,471 shares in the company for $1,194,322 to meet tax obligations. After accounting for tax obligations this transaction resulted in a net acquisition of 2,678 company shares. Lane, following the transactions outlined in the Form 4 SEC filing, has 36,078 shares of the company, which have a market value of $4.09 million as of the prior-day closing price. In addition the company has granted Lane stock options of which 26,298 are currently in the money and have an approximate value of $791,307 as of yesterday's closing price.

During the most recent 90-day period, previous to the date of this filing, there have been 32 insider transactions reported to the SEC for LyondellBasell Industries. These transactions came from the activities of 14 separate insiders that resulted in a net disposition of 5,379,258 company shares. In the preceding 90-day window of time, there were 9 transactions from 4 insiders and resulted in the net disposition of 2,294,376 shares.

This level of transactions is below that of the peer group average in the 38-company Commodity Chemicals peer group over the last 90-day period. Peer group activity averaged 86.8 transactions per company, and disposition of 35,195 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/1489393/000156218021003400/xslF345X03/primarydocument.xml

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