Form 4: Westlake Corp Executive Vice President Robert F. Buesinger Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President Robert F. Buesinger of Westlake Corp reports the vesting of restricted stock units and subsequent transactions involving the company's common stock.
Summary
- On August 13, 2024, Robert F. Buesinger, EVP at Westlake Corp, had 7,051 restricted stock units (RSUs) vest and convert into common stock.
- These RSUs were granted on August 13, 2021, and vested on the third anniversary of the grant date.
- Following the vesting, Buesinger disposed of 24,695 shares of common stock.
- On August 14, 2024, 2,772 shares were withheld to satisfy tax obligations related to the vesting of the RSUs at a price of $145.44.
- After these transactions, Buesinger directly owns 21,923 shares of Westlake Corp common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation and stock transactions, and does not inherently indicate positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC when corporate insiders, like Robert F. Buesinger, transact in their company's stock. It provides transparency to investors regarding the actions of company executives.
Key Dates
| Date | Description |
|---|---|
| 08/13/2021 | Reporting person was granted 7,051 RSUs vesting on the third anniversary of the grant date. |
| 08/13/2024 | 7,051 Restricted Stock Units (RSUs) vested and converted into common stock. |
| 08/14/2024 | 2,772 shares were 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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