---
schema_version: "secwatch.filing_event.v1"
accession: "0001489393-23-000045"
form_type: "8-K"
ticker: "LYB"
cik: "0001489393"
company_name: "LyondellBasell Industries N.V."
filed_at: "2023-11-17T23:59:59+00:00"
generated_at: "2026-06-07T23:58:12.293748+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# LyondellBasell amends Executive Severance Plan, effective Nov 17, 2023

## Summary
- CEO severance: lump sum of 2x base salary + target bonus plus 18 months subsidized COBRA coverage.
- Direct reports to CEO receive 1x base salary + target bonus plus 18 months COBRA subsidy.
- On change of control, CEO severance multiplier increases to 3x base salary + target bonus; direct reports to 2x.
- Participation requires execution of a Participation Agreement and a release of claims.
- Committee may amend or terminate plan but cannot reduce benefits already incurred.

## SEC filing metadata
- accession: 0001489393-23-000045
- form_type: 8-K
- ticker: LYB
- cik: 0001489393
- company_name: LyondellBasell Industries N.V.
- filed_at: 2023-11-17T23:59:59+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/1489393/000148939323000045/0001489393-23-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1489393/000148939323000045/lyb-20231116.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001489393-23-000045
- JSON: https://secwatch.observer/filing/0001489393-23-000045.json
- Plain text: https://secwatch.observer/filing/0001489393-23-000045.txt

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