Form 4: Westlake Corp Executive Janssens Reports Stock Transactions
SEC Form 4 Filing
Thomas J. Janssens, SVP at Westlake Corp, reports the vesting and subsequent tax withholding of shares related to restricted stock units.
Summary
- On February 14, 2025, Thomas J. Janssens, SVP of Operations PEM & Corp Logistics at Westlake Corp, reported transactions involving the company's common stock.
- 3,039 restricted stock units (RSUs) vested and converted into common stock on a one-for-one basis.
- 790 shares were withheld to satisfy tax obligations arising from the vesting of the RSUs at a price of $115.29.
- Following these transactions, Janssens directly owns 14,312 shares of Westlake Corp common stock.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider transactions related to stock-based compensation. It doesn't inherently indicate positive or negative sentiment, but rather provides transparency into executive stock ownership.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 02/14/2020 | Reporting person was granted 3,039 RSUs vesting on the fifth anniversary of the grant date. |
| 02/14/2025 | 3,039 Restricted Stock Units vested and converted to common stock. |
| 02/18/2025 | 790 shares withheld for tax obligations at $115.29 per share. |
| 02/19/2025 | Date of signature for the Form 4 filing. |
Keywords
Westlake Corp, WLK, Form 4, Insider Trading, Stock Transaction, Restricted Stock Units, Tax Withholding, Thomas J. Janssens, SVP Operations
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