LyondellBasell Industries NV (NYSE:LYB)’s Chief Executive Officer, James Gallogly, completed a stock disposition of 83,333 Class A ordinary shares yesterday. The stock was sold directly and for a weighted average sale price of $107.42 per share. In addition to this, the insider also exercised his use of stock options throughout the transaction. Gallogly has been regularly unloading stock over the past fiscal year, having sold 83,334 shares for $98.53 per share at the beginning of July, and the same amount of stock, but for a price of $100.09 per share at the beginning of June.
Moreover, the last few weeks at the $55.4 billion market cap chemical firm have shown very active insider trading. The company’s Executive Vice President and Chief Legal Officer, Craig Glidden, for one, disposed of 13,004 Class A ordinary shares for $106.48 per share on Friday. And two weeks ago, Patrick Quarles, LyondellBasell’s Senior Vice President of Inter and Derivatives, unloaded 60,144 shares for a price of $105.00 per share, leaving him with a total of 107,643 company shares.