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

Cash Award Grant



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.

Item 9.01 Financial Statements and Exhibits.



(d) Exhibits

Exhibit Number                                               Description

10.1                            Form of 2021 Cash Incentive Award Agreement

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

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses