January 1, 2025 · Form 4 insider transaction
LaBauve Donald J. Jr. sold 110 shares of Albemarle Corporation at $86.08 per share, a transaction worth $9.5K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 2 days after the transaction.
Shares withheld to meet tax liabilities associated with vesting of 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% vested on 01/01/2025.; Reported number of securities beneficially owned includes 160 shares inadvertently excluded from previous reports. These shares represent the number of Adjusted ROIC Performance Stock Units granted on 02/26/2021 that were earned above target and were unvested at the time of the prior reports.