Mark Steven Bender - 07 Aug 2023 Form 4 Insider Report for WESTLAKE CORP (WLK)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
09 Aug 2023, 12:02:03 UTC
Prior SEC filing
16 May 2023
Next SEC filing
20 Feb 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Mark Steven Bender by J. Feng POA

Key filing fact

Mark Steven Bender filed Form 4 for WESTLAKE CORP (WLK) on 09 Aug 2023.

Key facts

  • This page summarizes Mark Steven Bender's Form 4 filing for WESTLAKE CORP (WLK).
  • 7 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 09 Aug 2023, 12:02.

Change

  • Previous filing in this sequence was filed on 16 May 2023.
  • Current net transaction value: -$900,163.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

WLK transaction

Common Stock

Options Exercise

Transaction value
$1,296,556
Shares
+12,033
Change %
+27%
Price
$107.75
Shares after
56,433
Date
07 Aug 2023
Ownership
Direct
WLK transaction

Common Stock

Options Exercise

Transaction value
$1,090,897
Shares
+12,606
Change %
+22%
Price
$86.54
Shares after
69,039
Date
07 Aug 2023
Ownership
Direct
WLK transaction

Common Stock

Disposed to Issuer

Transaction value
$319,951
Shares
-2,416
Change %
-3.5%
Price
$132.43
Shares after
66,623
Date
07 Aug 2023
Ownership
Direct
Footnotes
F1
WLK transaction

Common Stock

Disposed to Issuer

Transaction value
$2,615,941
Shares
-19,598
Change %
-29%
Price
$133.48
Shares after
47,025
Date
07 Aug 2023
Ownership
Direct
Footnotes
F2
WLK transaction

Common Stock

Disposed to Issuer

Transaction value
$351,724
Shares
-2,625
Change %
-5.6%
Price
$133.99
Shares after
44,400
Date
07 Aug 2023
Ownership
Direct
Footnotes
F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

WLK transaction Derivative

Employee Option (right to buy)

Options Exercise

Transaction value
$0
Shares
+12,033
Change %
Price
$0.000000*
Shares after
0
Date
07 Aug 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
12,033
Exercise price
$107.75
Footnotes
F4
WLK transaction Derivative

Employee Option (right to buy)

Options Exercise

Transaction value
$0
Shares
+12,606
Change %
Price
$0.000000
Shares after
6,494
Date
07 Aug 2023
Ownership
Direct
Underlying class
Common Sotck
Underlying amount
12,606
Exercise price
$86.54
Footnotes
F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $131.88 to $132.88, inclusive. The reporting person undertakes to provide to Westlake Corp., any security holder of Westlake Corp. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Footnote F2

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $132.885 to $133.88, inclusive. The reporting person undertakes to provide to Westlake Corp., any security holder of Westlake Corp. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Footnote F3

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $133.89 to $134.16, inclusive. The reporting person undertakes to provide to Westlake Corp., any security holder of Westlake Corp. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

Footnote F4

The stock options are excercisable in three installments of 33%, 33% and 34% on February 16, 2019, 2020 and 2021, respectively.

Footnote F5

The stock options are excercisable in three installments of 33%, 33% and 34% on February 19, 2022, 2023 and 2024, respectively.

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