Form 4: Westlake SVP Converts RSUs, Sells Shares for Tax
Insider Transaction Report
Westlake Corp's SVP, Scott Szwejbka, converted 10,840 restricted stock units into common stock and subsequently sold 3,842 shares to cover tax obligations.
Summary
- Scott Szwejbka, Senior Vice President and HIP Segment Head of Westlake Corp, converted 10,840 Restricted Stock Units (RSUs) into common stock on October 1, 2025.
- These RSUs were originally granted on October 1, 2021, and vested on their fourth anniversary.
- On October 2, 2025, 3,842 shares of common stock were disposed of at a price of $76.7 per share to satisfy tax withholding obligations arising from the RSU vesting.
- Following these transactions, Szwejbka directly beneficially owns 12,817 shares of Westlake Corp common stock.
Sentiment
Score: 7
Explanation: The filing details a routine executive compensation event involving RSU vesting and a subsequent tax-related share sale, which is a positive outcome for the executive and a standard operational aspect for the company, without indicating any new material positive or negative developments for the company's fundamentals.
Positives
- SVP Scott Szwejbka's restricted stock units (RSUs) vested as scheduled, indicating a successful completion of the vesting period and a realization of compensation for the executive.
- The conversion of 10,840 RSUs into common stock prior to the tax-related sale increased the executive's direct ownership in the company.
Negatives
- 3,842 shares of common stock were sold to cover tax obligations, resulting in a reduction of the executive's direct beneficial ownership.
Future Outlook
NA
Industry Context
NA
Related Party Transactions
- The vesting of restricted stock units (RSUs) and subsequent share disposition for tax purposes represent a routine related-party transaction between the company and its Senior Vice President, Scott Szwejbka, as part of his executive compensation package.
Stakeholder Impact
- Shareholders: The transaction represents a routine executive compensation event with minimal impact on overall share float or market dynamics.
- Executive (Scott Szwejbka): The vesting of RSUs and subsequent share sale resulted in a realization of compensation and a change in direct beneficial ownership.
Key Dates
| Date | Description |
|---|---|
| 10/01/2021 | Grant date of 10,840 Restricted Stock Units (RSUs) to Scott Szwejbka. |
| 10/01/2025 | Vesting date of 10,840 RSUs and their conversion into Westlake Corp common stock. |
| 10/02/2025 | Disposition of 3,842 shares of common stock to satisfy tax obligations. |
| 10/03/2025 | Date the Statement of Changes in Beneficial Ownership (Form 4) was signed. |
Recommendation
holdThis Form 4 filing details a routine executive compensation event involving the vesting of restricted stock units and a subsequent sale of shares to cover tax obligations. It does not provide new material information regarding the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation.
Keywords
Westlake Corp, WLK, Form 4, insider transaction, RSU vesting, executive compensation, stock sale, Scott Szwejbka
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