WLK.NYSEWestlake CORP

Form 4: Westlake Corp Director Catherine T. Chao Reports Stock Transactions

Sentiment:

SEC Form 4

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Director Catherine T. Chao reports the vesting of restricted stock units and subsequent conversion into Westlake Corp common stock.

Summary

  • Catherine T. Chao, a director of Westlake Corp, reported a transaction involving the vesting of 1,316 Restricted Stock Units (RSUs) on May 12, 2024.
  • These RSUs converted into 1,316 shares of Westlake Corp common stock on a one-for-one basis.
  • Following the transaction, Ms. Chao directly owns 3,316 shares and indirectly owns 19,423 shares through a trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions, indicating a neutral sentiment.

Stakeholder Impact

  • The transaction may have a minor impact on shareholders due to the increase in outstanding shares, but it's unlikely to be significant.

Key Dates

DateDescription
05/12/2023Reporting person was granted 1,316 RSUs vesting on the first anniversary of the grant date.
05/12/2024Restricted stock units converted into Issuer's common stock.
05/13/2024Date of signature for the Form 4 filing.

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