Form 4: Westlake Corp Executive Reports Stock Transactions
SEC Form 4 Filing
Robert F. Buesinger, EVP at Westlake Corp, reports the vesting and subsequent tax withholding of shares related to restricted stock units.
Summary
- On February 18, 2025, Robert F. Buesinger, an EVP at Westlake Corp, reported transactions involving the company's common stock.
- Specifically, 12,923 restricted stock units (RSUs) vested and converted into common stock on a one-for-one basis.
- Simultaneously, 34,846 shares were disposed of.
- On February 19, 2025, shares were withheld to satisfy tax obligations arising from the RSU vesting; 3,851 shares were withheld at $111.46 and 164 shares were withheld at $112.76.
- Following these transactions, Buesinger directly owns 30,831 shares of Westlake Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common for publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the executive's holdings.
Key Dates
| Date | Description |
|---|---|
| 02/18/2022 | Reporting person was granted 12,923 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 withheld to satisfy tax obligations. |
| 02/20/2025 | Date of signature for the report. |
Keywords
Westlake Corp, Robert F. Buesinger, Form 4, Stock Transactions, Restricted Stock Units, RSUs, Beneficial Ownership, Tax Withholding
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