Form 4: Westlake Corp Director James Chao Reports Gift of Common Stock
SEC Form 4 Filing
James Chao, Senior Chairman at Westlake Corp, reported a gift of 6,642 shares of common stock on August 30, 2024, resulting in a decrease in his holdings.
Summary
- On August 30, 2024, James Chao, Senior Chairman of Westlake Corp, reported a transaction involving the company's common stock.
- The transaction was a gift of 6,642 shares.
- Following the transaction, Chao directly owns 38,551 shares of Westlake Corp common stock.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This specific filing indicates a change in beneficial ownership due to a gift, which is a common occurrence.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a gift of shares by an executive and does not represent a significant change in the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 08/30/2024 | Date of transaction: Gift of common stock |
| 09/03/2024 | Date of report filing |
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