other material
confidence high
sentiment neutral
materiality 0.40
LyondellBasell adjusts option exercise prices by $5.20 for special dividend; grants $1.5M RSU to interim CEO Lane
LyondellBasell Industries N.V.
- Board declared special dividend of $5.20/share, record date June 6, payable June 13, 2022.
- Exercise price of all outstanding stock options reduced by $5.20 per share due to special dividend.
- Ken Lane receives $1.5M in RSUs with 2-year cliff vesting and $500,000 charitable donation for DEI.
- Grant and contribution recognize Lane's leadership as interim CEO; award under LTIP.
- Other option terms unchanged; economic gain depends on future stock price.