Form 4: Westlake Corp Director Sells Shares in Recent Transaction

A Westlake Corp director, David Tsung-Hung Chao, sold 1,750 shares of common stock at a price of $129.079 per share on November 29, 2024.

Summary

• David Tsung-Hung Chao, a director at Westlake Corp, sold 1,750 shares of common stock on November 29, 2024.
• The sale price was $129.079 per share.
• Following the transaction, Mr. Chao directly owns 7,784 shares of Westlake Corp common stock.
• He also indirectly owns 19,423 shares through a trust where he serves as the sole trustee.

Sentiment

Score: 5

Explanation: The document is a neutral disclosure of a stock sale by a director, with no indication of positive or negative sentiment.

Industry Context

This is a routine disclosure of a stock transaction by a company director, which is common in the corporate world. It does not indicate any specific trend or event in the industry.

Comparison to Industry Standards

• Director share sales are a common occurrence in publicly traded companies.
• These transactions are typically disclosed through SEC filings like this Form 4.
• The sale by Mr. Chao is not unusual and does not appear to be outside of normal trading patterns for corporate insiders.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on shareholder sentiment, but is unlikely to have a significant effect on the company's operations or other stakeholders.

Key Dates

Keywords

Westlake Corp, WLK, Director, Share Sale, David Tsung-Hung Chao, Stock Transaction, Insider Trading