ThZeal - The Zeal

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Netherlands	001-34726	98-0646235
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1221 McKinney St.,

4th Floor, One Vine Street

Suite 300

London

Delftseplein 27E

Houston,

Texas

W1J0AH

3013AA

Rotterdam

USA

77010

United Kingdom

Netherlands

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:


☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


			☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


			☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


			☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Title of Each Class

Trading Symbol

Name of Each Exchange On Which Registered

Ordinary Shares, €0.04 Par Value

LYB

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On August 27, 2021, LyondellBasell Industries N.V. (the “Company”) granted to each of Messrs. Ken Lane, Torkel Rhenman, Jim Guilfoyle, Michael McMurray and Jeff Kaplan (each, individually, a “Recipient”), a cash award amount of $2,000,000 (Messrs. Lane, Rhenman, and Guilfoyle) and $1,500,000 (Messrs. McMurray and Kaplan) that vests on December 30, 2022.

These grants were recommended by the Compensation and Talent Development Committee to, and approved by, the Board of Directors of the Company and are intended to retain executives, in accordance with the Company’s executive compensation philosophy and the purposes of the LyondellBasell Industries Long Term Incentive Plan. The grants are made pursuant to a 2021 Cash Incentive Award Agreement (the “Award”).

Under the terms of the Award, in the event the Company terminates a Recipient’s employment without cause, the award will fully vest. In the event a Recipient voluntarily terminates employment prior to the vesting period, the award will be forfeited. In the event a Recipient’s service as an employee terminates during the retention period due to death or disability, the award will vest pro-rata based on the number of months worked.

The foregoing description of the Award is not complete and is qualified in its entirety by reference to the full text of the form of the Award, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K.


Exhibit Number						Description

10.1						Form of 2021 Cash Incentive Award Agreement

104						The cover page from this Current Report on Form 8-K, formatted in Inline XBRL

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

LYONDELLBASELL INDUSTRIES N.V.

Date:

August 27, 2021

By:

/s/ Jeffrey A. Kaplan

Jeffrey A. Kaplan

Executive Vice President and Chief Legal Officer


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