Form 4: Westlake Corp Executive Exercises Stock Options and Sells Shares
SEC Form 4 Filing
Robert F. Buesinger, EVP of Westlake Corp, exercised stock options and sold shares on March 7, 2024.
Summary
- Robert F. Buesinger, an Executive Vice President at Westlake Corp, executed transactions involving the company's common stock on March 7, 2024.
- Buesinger exercised employee stock options to acquire 5,005 shares at $86.5379 and 7,665 shares at $108.1175.
- Following the exercise of these options, Buesinger sold 12,670 shares at $142.55.
- After these transactions, Buesinger directly owns 25,144 shares of Westlake Corp common stock and 3,950 derivative securities.
Sentiment
Score: 5
Explanation: Neutral sentiment. This is a routine filing related to stock option exercises and sales by an executive. It doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Executive stock transactions are a normal part of corporate governance and compensation. The market will often look at the ratio of buys to sells to determine sentiment.
Key Dates
| Date | Description |
|---|---|
| 02/19/2022 | First vesting date of 33% for 5,005 stock options. |
| 02/18/2023 | First vesting date of 33% for 7,665 stock options. |
| 02/19/2023 | Second vesting date of 33% for 5,005 stock options. |
| 02/18/2024 | Second vesting date of 33% for 7,665 stock options. |
| 02/19/2024 | Final vesting date of 34% for 5,005 stock options. |
| 03/07/2024 | Date of stock option exercise and share sale. |
| 02/18/2025 | Final vesting date of 34% for 7,665 stock options. |
| 02/19/2031 | Expiration date for 5,005 stock options. |
| 02/18/2032 | Expiration date for 7,665 stock options. |
| 03/11/2024 | Date of Form 4 filing. |
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