Form 4: Westlake Corp Executive Janssens Exercises Stock Options and Sells Shares
SEC Form 4 Filing
Thomas J. Janssens, SVP at Westlake Corp, exercised employee stock options and sold shares of common stock on August 23, 2024.
Summary
- On August 23, 2024, Thomas J. Janssens, a Senior Vice President at Westlake Corp, executed transactions involving Westlake Corp common stock.
- Janssens exercised employee stock options to acquire 4,337 shares at $79.83, 6,507 shares at $65.8125, and 4,020 shares at $86.5379.
- Following these transactions, Janssens sold 14,864 shares at a weighted average price of $149.484, with individual sales ranging from $149.42 to $149.93.
- After these transactions, Janssens directly owns 12,063 shares of Westlake Corp common stock.
- The stock options exercised are exercisable in installments on various dates in February of 2020, 2021, 2022, 2023 and 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports transactions. The exercise of options and sale of shares is a common practice and doesn't necessarily indicate a positive or negative outlook.
Industry Context
This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. Investors often monitor these filings to gauge management's sentiment and confidence in the company's future prospects.
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 |
|---|---|
| 02/15/2020 | First exercisable installment (33%) for 4,337 stock options. |
| 02/14/2021 | First exercisable installment (33%) for 6,507 stock options. |
| 02/15/2021 | Second exercisable installment (33%) for 4,337 stock options. |
| 02/19/2022 | First exercisable installment (33%) for 4,020 stock options. |
| 02/14/2022 | Second exercisable installment (33%) for 6,507 stock options. |
| 02/15/2022 | Third exercisable installment (34%) for 4,337 stock options. |
| 02/19/2023 | Second exercisable installment (33%) for 4,020 stock options. |
| 02/14/2023 | Third exercisable installment (34%) for 6,507 stock options. |
| 02/19/2024 | Third exercisable installment (34%) for 4,020 stock options. |
| 08/23/2024 | Date of stock option exercise and share sale transactions. |
| 08/26/2024 | Date of Form 4 signature. |
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