Form 4: Westlake Corp Director James Chao Reports Stock Transactions

Director James Chao reported the vesting of restricted stock units and subsequent tax-related stock disposals.

Summary

• On February 18, 2025, James Chao, a director and Senior Chairman of Westlake Corp, reported transactions involving the company's common stock.
• 8,796 restricted stock units (RSUs) vested and converted into common stock.
• Shares were withheld to satisfy tax obligations arising from the vesting of the RSUs; 2,193 shares were disposed of at $111.46 and 94 shares were disposed of at $112.76.
• Following these transactions, Chao directly owns 45,060 shares of Westlake Corp common stock.

Sentiment

Score: 5

Explanation: This Form 4 filing is a neutral event, simply reporting required insider transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives and directors of publicly traded companies. These transactions are closely monitored by investors for insights into management's perspective on the company's value and future prospects.

Key Dates

Keywords

Westlake Corp, James Chao, Form 4, Stock Transactions, Restricted Stock Units, RSUs, Director, Senior Chairman