Form 4: Westlake Corp Executive Mark Bender Reports Stock Transactions
SEC Form 4
EVP & CFO of Westlake Corp, Mark Steven Bender, reports the vesting of restricted stock units and subsequent tax-related stock disposals.
Summary
- On February 18, 2025, Mark Steven Bender, EVP & CFO of Westlake Corp, reported transactions involving the company's common stock.
- 13,987 Restricted Stock Units (RSUs) vested and converted into common stock on a one-for-one basis.
- On February 19, 2025, shares were disposed of to satisfy tax obligations arising from the vesting of the RSUs.
- Specifically, 4,264 shares were disposed of at $111.46, 50 shares at $112.46, and 132 shares at $112.76.
- Following these transactions, Bender directly owns 51,679 shares of Westlake Corp common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and tax obligations, and doesn't indicate any particular positive or negative sentiment.
Industry Context
Executive stock transactions are a normal part of corporate governance and compensation practices. The vesting of RSUs is a common way for companies to incentivize and retain key personnel. The subsequent sale of shares to cover tax obligations is also a routine occurrence.
Key Dates
| Date | Description |
|---|---|
| 02/18/2022 | Reporting person was granted 13,987 RSUs vesting on the third anniversary of the grant date. |
| 02/18/2025 | Restricted stock units vested and converted into common stock. |
| 02/19/2025 | Shares disposed of to satisfy tax obligations. |
| 02/20/2025 | Date of signature for the report. |
Keywords
Westlake Corp, Mark Steven Bender, RSU, Stock Disposal, Form 4, WLK, Executive Compensation, Insider Trading
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