Form 4: Westlake Corp Executive L. Benjamin Ederington Reports Stock Transactions

L. Benjamin Ederington, EVP, PEM, GC and CAO of Westlake Corp, reports acquisition of shares through RSU conversion and subsequent disposal to cover tax obligations.

Summary

• On August 13, 2024, L. Benjamin Ederington, an executive at Westlake Corp, converted 2,938 Restricted Stock Units (RSUs) into common stock.
• The conversion occurred on the third anniversary of the grant date of August 13, 2021.
• Following the conversion, 1,156 shares were disposed of on August 14, 2024, at a price of $145.44 to satisfy tax obligations related to the vesting of the RSUs.
• After these transactions, Ederington directly owns 58,270 shares of Westlake Corp common stock.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation and tax-related sales.

Key Dates