Form 4 for WLK WESTLAKE CORP
Accepted 2024-02-21 00:00:00 ET · period of report 2024-02-16 · accession 0000950170-24-017619 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-02-21 | 2024-02-16 | WLK | Bender Mark Steven | EVP, CFO | A - Grant | $0.00 | +11.2K | 55.5K | +25% | $0 |
| D | 2024-02-21 | 2024-02-19 | WLK | Bender Mark Steven | EVP, CFO | M - OptEx | $0.00 | +5,558 | 61.1K | +10% | $0 |
| DM | 2024-02-21 | 2024-02-20 | WLK | Bender Mark Steven | EVP, CFO | F - Tax | $130.70 | -6,144 | 55.0K | -10% | -$803.0K |
| D | 2024-02-21 | 2024-02-19 | WLK | Bender Mark Steven | EVP, CFO | M - OptEx | $0.00 | -5,558 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-02-16 | A | A | 11,150 | $0.00 | 55,550 | D | — | — | (F1) Represents shares of common stock that vested on February 16, 2024 upon the approval of the Issuer's Board of Directors ("BOD"), and the determination by the Compensation Committee of the BOD, of the satisfaction of performance criteria underlying an award of performance stock units ("PSUs") granted to the Reporting Person on February 19, 2021 under the terms of the Issuer's 2013 Omnibus Incentive Plan. |
| 2 | Common | Common Stock | 2024-02-19 | M | A | 5,558 | $0.00 | 61,108 | D | — | — | (F2) Restricted stock units ("RSUs") convert into the Issuer's common stock on a one-for-one basis. |
| 3 | Common | Common Stock | 2024-02-20 | F | D | 5,597 | $129.92 | 55,511 | D | — | — | (F3) Shares otherwise issuable were withheld to satisfy tax obligations arising out of the vesting of the reporting persons RSUs and PSUs. |
| 4 | Common | Common Stock | 2024-02-20 | F | D | 547 | $138.68 | 54,964 | D | — | — | (F3) Shares otherwise issuable were withheld to satisfy tax obligations arising out of the vesting of the reporting persons RSUs and PSUs. (F4) Weighted average price. These shares were sold in multiple transactions at prices ranging from $138.64 to $138.73 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. |
| 5 | Derivative | Restricted Stock Units | 2024-02-19 | M | D | 5,558 | $0.00 | 0 | D | — · — to — | 5,558 Common Stock | (F2) Restricted stock units ("RSUs") convert into the Issuer's common stock on a one-for-one basis. (F5) On February 19, 2021, the reporting person was granted 5,558 RSUs vesting on the third anniversay of the grant date. |