Form 4: Westlake Corp Executive Holy Reports Stock Transactions

VP and CAO of Westlake Corp, Jeffrey Adam Holy, reports the vesting and subsequent sale of restricted stock units to cover tax obligations.

Summary

• On February 18, 2025, Jeffrey Adam Holy, VP and CAO of Westlake Corp, reported transactions involving the company's common stock.
• Holy exercised 702 Restricted Stock Units (RSUs) that converted into common stock on a one-for-one basis.
• These RSUs were granted on February 18, 2022, and vested on the third anniversary of the grant date.
• Following the vesting, 210 shares were sold at $111.46 and 9 shares were sold at $112.76 to cover tax obligations.
• After these transactions, Holy directly owns 3,483 shares of Westlake Corp common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the trading activities of company executives.

Stakeholder Impact

• The transactions have a minimal impact on stakeholders as they involve a small number of shares sold to cover tax obligations.

Key Dates

Keywords

Westlake Corp, WLK, Jeffrey Adam Holy, Restricted Stock Units, RSUs, Form 4, Insider Trading, Stock Transaction, Vesting