Form 4: Westlake Corp CEO Jean-Marc Gilson Acquires 20,401 Restricted Stock Units
SEC Form 4 Filing
Westlake Corp's CEO, Jean-Marc Gilson, reported the acquisition of 20,401 restricted stock units on July 15, 2024, which will vest on July 15, 2027.
Summary
- Jean-Marc Gilson, President and CEO of Westlake Corp, filed a Form 4 on July 16, 2024, reporting a transaction.
- On July 15, 2024, Gilson acquired 20,401 restricted stock units (RSUs).
- Each RSU represents a contingent right to receive one share of Westlake Corp's common stock.
- The acquired RSUs will vest on July 15, 2027.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to executive compensation, and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and potential alignment of interests.
Stakeholder Impact
- The acquisition of restricted stock units by the CEO aligns his interests with those of the shareholders, as the value of the units is tied to the company's stock performance.
Key Dates
| Date | Description |
|---|---|
| 07/15/2024 | Date of transaction: Jean-Marc Gilson acquired 20,401 restricted stock units. |
| 07/16/2024 | Date of Form 4 filing. |
| 07/15/2027 | Vesting date for the 20,401 restricted stock units. |
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