Form 4: Westlake Corp Director Carolyn Chao Sabat Reports RSU Conversion
SEC Form 4 Filing
Director Carolyn Chao Sabat reported the conversion of restricted stock units (RSUs) into Westlake Corp common stock on May 12, 2024.
Summary
- On May 12, 2024, Carolyn Chao Sabat, a director of Westlake Corp, reported a transaction involving restricted stock units (RSUs).
- The transaction involved the conversion of 1,316 RSUs into common stock.
- These RSUs were granted on May 12, 2023, and vested on the first anniversary of the grant date.
- Following the transaction, Ms. Sabat directly owns 1,316 shares of Westlake Corp common stock.
Sentiment
Score: 7
Explanation: The document is a standard regulatory filing related to stock transactions, indicating normal corporate activity. It doesn't contain any information that would significantly sway investor sentiment positively or negatively.
Industry Context
This is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.
Stakeholder Impact
- The conversion of RSUs into common stock may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 05/12/2023 | Reporting person was granted 1,316 RSUs vesting on the first anniversary of the grant date. |
| 05/12/2024 | Conversion of 1,316 Restricted Stock Units into Common Stock. |
| 05/13/2024 | Date of Form 4 signature. |
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.