Form 4: Westlake Corp Director Jeffrey Wayne Sheets Reports Stock Transactions
SEC Form 4
Director Jeffrey Wayne Sheets reports acquisition and disposal of Westlake Corp stock and restricted stock units.
Summary
- On August 11, 2024, Jeffrey Wayne Sheets, a director of Westlake Corp, reported a transaction involving common stock.
- Sheets acquired 1,136 shares of common stock through the conversion of restricted stock units.
- Following the transaction, Sheets directly owns 11,631 shares of Westlake Corp common stock.
- Additionally, on August 9, 2024, Sheets was granted 1,128 restricted stock units that will vest on August 9, 2025.
- On August 11, 2024, Sheets disposed of 1,136 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Positives
- The acquisition of common stock through the conversion of restricted stock units could be seen as a positive sign, indicating the director's confidence in the company's future performance.
Industry Context
This filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the actions of company directors.
Stakeholder Impact
- The transactions reported may be of interest to shareholders as they provide insight into the actions of a company director.
Key Dates
| Date | Description |
|---|---|
| 08/09/2024 | Reporting person was granted 1,128 restricted stock units. |
| 08/09/2025 | All of the 1,128 restricted stock units will vest. |
| 08/11/2023 | The reporting person was granted 1,136 restricted stock units vesting on the first anniversary of the grant date. |
| 08/11/2024 | Reporting person acquired 1,136 shares of common stock through conversion of restricted stock units. |
| 08/12/2024 | Date of signature on the report. |
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.