Form 4: Westlake Corp Executive Chairman Albert Chao Reports Stock Transactions

Albert Chao, Executive Chairman of Westlake Corp, reports the vesting of restricted stock units and subsequent tax-related share disposals.

Summary

• On February 18, 2025, Albert Chao, Executive Chairman of Westlake Corp, reported the vesting of 17,972 restricted stock units (RSUs) which converted into common stock on a one-for-one basis.
• The vesting occurred on the third anniversary of the grant date, February 18, 2022.
• On February 19, 2025, 5,820 shares were disposed of at a price of $111.46, and 249 shares were disposed of at a price of $112.73 to satisfy tax obligations related to the RSU vesting.
• Following these transactions, Chao directly owns 566,819 shares of Westlake Corp common stock.
• The transactions were reported on Form 4, filed with the SEC on February 20, 2025.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions, and does not inherently convey positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership, but the overall impact is likely minimal.

Key Dates

Keywords

Westlake Corp, Albert Chao, Form 4, SEC Filing, Restricted Stock Units, RSU, Stock Disposal, Beneficial Ownership, WLK