Thomas J. Janssens - Feb 16, 2024 Form 4 Insider Report for WESTLAKE CORP (WLK)

Role
SVP, Ops - PEM & Corp Logistic
Signature
Thomas J. Janssens by J Feng POA
Stock symbol
WLK
Transactions as of
Feb 16, 2024
Transactions value $
-$128,610
Form type
4
Date filed
2/21/2024, 10:30 AM
Previous filing
Aug 30, 2023
Next filing
Aug 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WLK Common Stock Award $0 +2.35K +24.61% $0.00 11.9K Feb 16, 2024 Direct F1
transaction WLK Common Stock Options Exercise $0 +1.17K +9.85% $0.00 13K Feb 19, 2024 Direct F2
transaction WLK Common Stock Tax liability -$116K -896 -6.87% $129.92 12.2K Feb 20, 2024 Direct F3
transaction WLK Common Stock Tax liability -$12.2K -88 -0.72% $138.65 12.1K Feb 20, 2024 Direct F3, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WLK Restricted Stock Units Options Exercise $0 -1.17K -100% $0.00* 0 Feb 19, 2024 Common Stock 1.17K Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock that vested on February 16, 2024 upon the approval of the Issuer's Board of Directors ("BOD"), and the determination by the Compensation Committee of the BOD, of the satisfaction of performance criteria underlying an award of performance stock units ("PSUs") granted to the Reporting Person on February 19, 2021 under the terms of the Issuer's 2013 Omnibus Incentive Plan.
F2 Restricted stock units ("RSUs") convert into the Issuer's common stock on a one-for-one basis.
F3 Shares otherwise issuable were withheld to satisfy tax obligations arising out of the vesting of the reporting persons RSUs and PSUs.
F4 Weighted average price. These shares were sold in multiple transactions at prices ranging from $138.63 to $138.66 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F5 On February 19, 2021, the reporting person was granted 1,170 RSUs vesting on the third anniversay of the grant date.