Form 4: Westlake Corp Executive Chairman Albert Chao Reports Stock Transactions
SEC Form 4 Filing
Albert Chao, Executive Chairman of Westlake Corp, reports exercising stock options and selling shares on August 16, 2024.
Summary
- On August 16, 2024, Albert Chao, the Executive Chairman of Westlake Corp, exercised employee stock options to acquire 45,298 shares of common stock at a price of $68.09 per share.
- Following the exercise of these options, Mr. Chao sold 45,291 shares at a weighted average price of $146.613, with individual transactions ranging from $146.024 to $146.96.
- He also sold an additional 7 shares at $147.04.
- After these transactions, Mr. Chao directly owns 554,916 shares of Westlake Corp common stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives holding stock options. It provides transparency into the trading activities of company leadership.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 02/20/2016 | First 33% installment of stock options exercisable. |
| 02/20/2017 | Second 33% installment of stock options exercisable. |
| 02/20/2018 | Final 34% installment of stock options exercisable. |
| 08/16/2024 | Date of stock option exercise and share sales. |
| 08/19/2024 | Date of signature on the Form 4 filing. |
| 08/20/2025 | Expiration date of the employee stock options. |
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