secwatch.observer — SEC 8-K summary
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Issuer:     LyondellBasell Industries N.V. (LYB)
CIK:        0001489393
Form:       8-K
Filed at:   2022-05-31T23:59:59+00:00
Accession:  0001489393-22-000031
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1489393/000148939322000031/0001489393-22-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1489393/000148939322000031/lyb-20220526.htm
  HTML page:      https://secwatch.observer/filing/0001489393-22-000031

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