4/A: Westlake Corp Director John Chao Amends Filing to Disclose Tax Withholding Stock Sale

Director John Chao amends a previous SEC filing to report the sale of 391 shares of Westlake Corp stock to cover tax obligations from vesting performance stock units.

Summary

• John Chao, a director at Westlake Corp, amended a previous Form 4 filing (originally filed on February 24, 2025) via this Form 4A.
• The amendment discloses the sale of 391 shares of Westlake Corp common stock on March 5, 2025, at a price of $108.62 per share.
• This sale was to cover tax withholding obligations arising from the vesting of Mr. Chao's Performance Stock Units.
• Following the reported transaction, Mr. Chao beneficially owns 7,038 shares of Westlake Corp common stock as of March 7, 2025.
• The original filing did not include the sale because the number of shares to be sold was not known at the time.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing. The sale of shares to cover taxes is a normal part of equity compensation. The sentiment is neutral to slightly positive as it reflects the vesting of performance stock units, indicating the director is being rewarded for performance.

Industry Context

Form 4 filings are standard practice for company insiders (directors, officers, and major shareholders) to report transactions in their company's stock, providing transparency to the market.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale (tax obligations).

Key Dates