Form 4: Westlake Corp Executive Exercises Stock Options and Sells Shares
SEC Form 4
Johnathan Stevan Zoeller, VP and CAO of Westlake Corp, exercised employee stock options and sold shares on March 8, 2024.
Summary
- On March 8, 2024, Johnathan Stevan Zoeller, VP and CAO of Westlake Corp, exercised employee stock options and sold shares.
- Zoeller exercised options to acquire 719 shares at $86.5379, 1,408 shares at $108.1175, and 649 shares at $122.65.
- Following these transactions, Zoeller directly owns 4,416 shares of Westlake Corp common stock.
- He also holds options to purchase 293 shares at $86.5379, 1,174 shares at $108.1175 and 1,525 shares at $122.65.
Sentiment
Score: 5
Explanation: Neutral. This is a standard insider transaction filing and doesn't necessarily indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine Form 4 filing, indicating insider transactions. It's common for executives to exercise stock options and sell shares for personal financial management.
Key Dates
| Date | Description |
|---|---|
| 02/19/2022 | First vesting date for some stock options |
| 02/18/2023 | First vesting date for some stock options |
| 02/19/2023 | Second vesting date for some stock options |
| 02/17/2024 | First vesting date for some stock options |
| 02/18/2024 | Second vesting date for some stock options |
| 02/19/2024 | Third vesting date for some stock options |
| 03/08/2024 | Date of stock option exercise and share sale |
| 03/11/2024 | Date of Form 4 filing |
| 02/17/2025 | Second vesting date for some stock options |
| 02/18/2025 | Third vesting date for some stock options |
| 02/17/2026 | Third vesting date for some stock options |
| 02/19/2031 | Expiration date for some stock options |
| 02/18/2032 | Expiration date for some stock options |
| 02/17/2033 | Expiration date for some stock options |
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