Eric Norris - 22 Feb 2024 Form 4 Insider Report for ALBEMARLE CORP (ALB)

Role
President, Energy Storage
Signature
/s/ Stefanie M. Holland, Attorney-in-Fact
Issuer symbol
ALB
Transactions as of
22 Feb 2024
Transactions value $
-$87,099
Form type
4
Filing time
26 Feb 2024, 20:52:57 UTC
Previous filing
03 Jan 2024
Next filing
28 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ALB Common Stock Options Exercise $0 +1,750 +5.59% $0 33,042 22 Feb 2024 Direct F1
transaction ALB Common Stock Tax liability -$87,098 -737 -2.23% $118.18 32,305 22 Feb 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ALB Performance Stock Units Options Exercise $0 -1,750 -50% $0 1,750 22 Feb 2024 Common Stock 1,750 Direct F1, F3, F4
transaction ALB Restricted Stock Units Award $0 +4,231 $0 4,231 22 Feb 2024 Common Stock 4,231 Direct F4, F5, F6
transaction ALB Stock Options Award $0 +10,267 $0 10,267 22 Feb 2024 Common Stock 10,267 $118.18 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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% vest on 01/01/2025. Threshold performance was not achieved under the terms of the rTSR Performance Stock Units also granted on 02/26/2021 and no Common Stock was earned or paid under this grant.
F2 Shares withheld to meet tax liabilities associated with vesting of Performance Stock Units.
F3 Each Performance Stock Unit converts to 1 share of Common Stock.
F4 No expiration date.
F5 Each Restricted Stock Unit converts to 1 share of Common Stock.
F6 Restricted Stock Units vest 100% on 02/22/2027, subject to continued employment.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney