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

(e) On February 25, 2021, the Executive Compensation Committee (the "Committee") of the Board of Directors of Albemarle Corporation (the "Company") adopted revised forms of Notice of Restricted Stock Unit Award, Notice of Adj. ROIC Performance Unit Award, Notice of TSR Performance Unit Award, Notice of Option Grant, and Notice of Special Restricted Stock Unit Award under the Company's 2017 Incentive Plan. The forms of Notices are filed as exhibits to this Current Report on Form 8-K.

All of the awards granted to Ms. Narwold as part of her 2021 compensation package include special vesting conditions upon a "Qualifying Termination Event." Upon a Qualifying Termination Event (as defined in each of the respective award notices) occurring after December 31, 2021, Ms. Narwold's 2021 awards of stock options and RSUs will vest in full and become non-forfeitable. In addition, Ms. Narwold will remain eligible to earn and vest in the full amount of 2021 Performance Unit Awards as of the time the Committee makes its determination as to what level of the performance goals have been met.

Item 9.01. Financial Statements and Exhibits.



(d)  Exhibits.

   Exhibit
   Number            Exhibit
    #10.1              Form of Notice of Restricted Stock Unit Award
    #10.2              Form of Notice of Adj    usted     ROIC Performance Unit Award
    #10.3              Form of Notice of     TSR Performance Unit Award
    #10.4              Form of Notice of Option Grant
    #10.5              Form of Notice of Special Restricted Stock Unit Award
     104             Cover Page Interactive Data File (embedded within the Inline XBRL document)

# Management contract or compensatory plan or arrangement.

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