Form 4: Westlake Corp Chairman James Chao Reports Gift of 36,632 Shares
SEC Form 4 Filing
James Chao, Chairman of Westlake Corp, reported gifting 36,632 shares of common stock on March 28, 2024.
Summary
- On March 28, 2024, James Chao, the Chairman of Westlake Corp, reported a transaction involving the gifting of 36,632 shares of Westlake Corp common stock.
- The transaction resulted in a decrease in Mr. Chao's direct ownership, leaving him with 45,193 shares of common stock beneficially owned following the transaction.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a gift of shares, which is a neutral event.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The gifting of shares by a company chairman could be perceived differently by stakeholders; some may see it as a charitable act, while others might interpret it as a change in the insider's investment strategy.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of transaction: James Chao gifted 36,632 shares of Westlake Corp common stock. |
| 04/01/2024 | Signature date of the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.