Form 4: Westlake Corp Director David Chao Reports Stock Transactions
SEC Form 4
Director David Chao reported the acquisition and disposal of Westlake Corp common stock and restricted stock units.
Summary
- On August 11, 2024, Director David Chao reported transactions involving Westlake Corp (WLK) securities.
- Chao acquired 1,136 shares of common stock through the conversion of restricted stock units.
- Following these transactions, Chao directly owns 11,284 shares of common stock and indirectly owns 19,423 shares through a trust.
- Chao also holds 1,128 restricted stock units that will vest on August 9, 2025.
- The reported transactions include the vesting of 1,136 restricted stock units granted on August 11, 2023.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company director, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and ownership positions in the company.
Stakeholder Impact
- The transactions may provide stakeholders with insights into the director's view of the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 08/11/2023 | Reporting person was granted 1,136 restricted stock units vesting on the first anniversary of the grant date. |
| 08/09/2024 | Date of earliest transaction. |
| 08/09/2025 | All of the restricted stock units will vest. |
| 08/11/2024 | Conversion of restricted stock units to common stock. |
| 08/12/2024 | Date of signature. |
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