Form 4: Westlake Corp Director Northcutt R Bruce Reports Stock Transactions
SEC Form 4 Filing
Director Northcutt R Bruce reported the acquisition and disposal of Westlake Corp common stock and restricted stock units.
Summary
- On August 11, 2024, Director Northcutt R Bruce reported a transaction involving Westlake Corp common stock.
- Bruce acquired 1,136 shares of common stock through the conversion of restricted stock units.
- Following the transaction, Bruce directly owns 20,055 shares of Westlake Corp common stock.
- On August 9, 2024, Bruce was granted 1,128 restricted stock units which will vest on August 9, 2025.
- The reporting person previously held 1,136 restricted stock units which vested on August 11, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports stock transactions by a company director, which is a routine regulatory filing.
Positives
- The director's continued holding of a significant number of shares demonstrates confidence in the company.
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 provide stakeholders with insight into the director's investment activities in the company.
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 | Date of transaction where 1,128 restricted stock units were acquired. |
| 08/11/2024 | Date of transaction where 1,136 shares of common stock were acquired through conversion of restricted stock units. |
| 08/12/2024 | Date of signature on the Form 4 filing. |
| 08/09/2025 | Date when 1,128 restricted stock units will vest. |
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