Form 4: Westlake Corp Executive Janssens Reports Stock Transactions
SEC Form 4
Thomas J. Janssens, SVP at Westlake Corp, reports the vesting of restricted stock units and subsequent tax-related stock disposals.
Summary
- On February 18, 2025, Thomas J. Janssens, SVP at Westlake Corp, exercised 1,313 Restricted Stock Units (RSUs) which converted into common stock.
- Shares were withheld on February 19, 2025, to satisfy tax obligations arising from the vesting of the RSUs; 322 shares were sold at $111.46 and 14 shares were sold at $112.53.
- Following these transactions, Janssens directly owns 15,289 shares of Westlake Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the trading activities of company insiders.
Key Dates
| Date | Description |
|---|---|
| 02/18/2022 | Reporting person was granted 1,313 RSUs vesting on the third anniversary of the grant date. |
| 02/18/2025 | Restricted stock units converted into common stock. |
| 02/19/2025 | Shares withheld to satisfy tax obligations. |
| 02/20/2025 | Date of signature on the report. |
Keywords
Westlake Corp, WLK, Thomas J. Janssens, Form 4, Stock Transaction, Restricted Stock Units, RSU, Insider Trading
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