4/A: Westlake Corp Director John Chao Amends Filing to Disclose Tax Obligation Stock Sale
SEC Filing (Form 4/A)
Director John Chao amends a previous SEC Form 4 filing to report the sale of 235 shares of Westlake Corp stock to cover tax obligations arising from vested Restricted Stock Units.
Summary
- John Chao, a director at Westlake Corp, amended a previous SEC Form 4 filing.
- The amendment, filed on March 5, 2025, clarifies a transaction related to the vesting of Restricted Stock Units.
- The amended filing discloses the sale of 235 shares of Westlake Corp common stock on March 5, 2025 at $108.62 per share.
- The sale was executed to satisfy tax obligations arising from the vesting of the reporting person's Restricted Stock Units.
- Following the reported transactions, Chao beneficially owns 7,429 shares of Westlake Corp common stock.
- The original Form 4, filed on February 20, 2025, did not report the sale because the number of shares to be sold was not known at the time of filing.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction related to executive compensation and tax obligations.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares by a director to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/18/2025 | Transaction date for acquisition of 513 shares of common stock. |
| 02/20/2025 | Date of original Form 4 filing. |
| 02/24/2025 | Date of subsequent transactions reported. |
| 03/05/2025 | Date of stock sale to cover tax obligations and date of amended filing (Form 4/A). |
| 03/06/2025 | Date of signature for the amended filing. |
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