Form 4: Westlake Corp Director John Chao Reports Stock Unit Conversion
SEC Form 4
Director John Chao reported the conversion of restricted stock units into Westlake Corp common stock on February 18, 2025.
Summary
- On February 18, 2025, Director John Chao reported a transaction involving Westlake Corp (WLK) securities.
- The transaction involved the conversion of 513 Restricted Stock Units (RSUs) into common stock.
- These RSUs, granted on February 18, 2022, vested on the third anniversary of the grant date and convert into common stock on a one-for-one basis.
- Following the transaction, Chao directly owns 6,709 shares of Westlake Corp common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock unit conversion, indicating a neutral sentiment.
Stakeholder Impact
- The conversion of RSUs into common stock may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/18/2022 | Date the reporting person was granted 513 RSUs vesting on the third anniversary of the grant date. |
| 02/18/2025 | Date of transaction: conversion of 513 Restricted Stock Units into common stock. |
| 02/20/2025 | Date of signature for the Form 4 filing. |
Keywords
Westlake Corp, Director, John Chao, RSU, Common Stock, Conversion, Beneficial Ownership, Form 4
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