Form 4: Westlake Corp Executive Mark Steven Bender Reports Stock Transactions
SEC Form 4
EVP & CFO Mark Steven Bender reports the vesting of restricted stock units and subsequent tax-related share withholding.
Summary
- On August 13, 2024, Mark Steven Bender, EVP & CFO of Westlake Corp, reported the conversion of 2,938 Restricted Stock Units (RSUs) into common stock.
- These RSUs vested on the third anniversary of the grant date, August 13, 2021.
- On August 14, 2024, 1,156 shares were withheld to satisfy tax obligations related to the RSU vesting at a price of $145.44.
- Following these transactions, Bender directly owns 42,138 shares of Westlake Corp common stock.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions, and there is no indication of positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company executive, which is standard practice for publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation.
Key Dates
| Date | Description |
|---|---|
| 08/13/2021 | Reporting person was granted 2,938 RSUs vesting on the third anniversary of the grant date. |
| 08/13/2024 | 2,938 Restricted Stock Units (RSUs) converted into common stock. |
| 08/14/2024 | 1,156 shares withheld to satisfy tax obligations at $145.44 per share. |
| 08/15/2024 | Date of signature for the Form 4 filing. |
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