Form 4: Westlake Corp Director Marius Haas Reports Stock Transactions
SEC Form 4
Director Marius Haas reports acquisition and disposal of Westlake Corp common stock and restricted stock units.
Summary
- On August 11, 2024, Director Marius Haas reported a transaction involving Westlake Corp common stock.
- Haas acquired 1,136 shares of common stock through the conversion of restricted stock units.
- Following the reported transaction, Haas directly owns 11,631 shares of Westlake Corp common stock.
- Haas also holds 1,128 restricted stock units, which convert into common stock on a one-for-one basis and will vest on August 9, 2025.
- Additionally, Haas previously held 1,136 restricted stock units granted on August 11, 2023, which vested on the first anniversary of the grant date.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating neutral sentiment as it reports transactions without expressing any positive or negative outlook.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common practice for publicly traded companies.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in the director's holdings.
Key Dates
| Date | Description |
|---|---|
| 08/11/2023 | Reporting person was granted 1,136 restricted stock units vesting on the first anniversary of the grant date. |
| 08/09/2024 | Transaction date for acquisition of restricted stock units. |
| 08/11/2024 | Transaction date for conversion of restricted stock units into common stock. |
| 08/09/2025 | Vesting date for 1,128 restricted stock units. |
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