---
schema_version: "secwatch.filing_event.v1"
accession: "0001489393-22-000031"
form_type: "8-K"
ticker: "LYB"
cik: "0001489393"
company_name: "LyondellBasell Industries N.V."
filed_at: "2022-05-31T23:59:59+00:00"
generated_at: "2026-06-25T05:51:25.602252+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# LyondellBasell adjusts option exercise prices by $5.20 for special dividend; grants $1.5M RSU to interim CEO Lane

## Summary
- 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.

## SEC filing metadata
- accession: 0001489393-22-000031
- form_type: 8-K
- ticker: LYB
- cik: 0001489393
- company_name: LyondellBasell Industries N.V.
- filed_at: 2022-05-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1489393/000148939322000031/0001489393-22-000031-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1489393/000148939322000031/lyb-20220526.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001489393-22-000031
- JSON: https://secwatch.observer/filing/0001489393-22-000031.json
- Plain text: https://secwatch.observer/filing/0001489393-22-000031.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.