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ALBEMARLE CORP — Director's Dealing 2024
Feb 26, 2024
30590_dirs_2024-02-26_da67a16b-482e-4dfe-878e-a635634b88b5.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ALBEMARLE CORP (ALB)
CIK: 0000915913
Period of Report: 2024-02-22
Reporting Person: Johnson Netha N. (President, Specialties)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-02-22 | Common Stock | M | 1750 | — | Acquired | 30060 | Direct |
| 2024-02-22 | Common Stock | F | 737 | $118.18 | Disposed | 29323 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-22 | Performance Stock Units | $ | M | 1750 | Disposed | Common Stock (1750) | Direct | |
| 2024-02-22 | Restricted Stock Units | $ | A | 4231 | Acquired | Common Stock (4231) | Direct | |
| 2024-02-22 | Stock Options | $118.18 | A | 10267 | Acquired | 2034-02-22 | Common Stock (10267) | Direct |
Footnotes
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% vest on 01/01/2025. Threshold performance was not achieved under the terms of the rTSR Performance Stock Units also granted on 02/26/2021 and no Common Stock was earned or paid under this grant.
F2: Shares withheld to meet tax liabilities associated with vesting of Performance Stock Units.
F3: Each Performance Stock Unit converts to 1 share of Common Stock.
F4: No expiration date.
F5: Each Restricted Stock Unit converts to 1 share of Common Stock.
F6: Restricted Stock Units vest 100% on 02/22/2027, subject to continued employment.