David Chao - 11 Aug 2023 Form 4 Insider Report for WESTLAKE CORP (WLK)

Role
Director, 10%+ Owner
Signature
David Tsung-Hung Chao by J Feng POA
Issuer symbol
WLK
Transactions as of
11 Aug 2023
Transactions value $
$0
Form type
4
Filing time
14 Aug 2023, 09:15:23 UTC
Previous filing
15 Aug 2022
Next filing
24 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WLK Common Stock Options Exercise +1.45K +14.9% 11.1K 12 Aug 2023 Direct F1
holding WLK Common Stock 93.4M 11 Aug 2023 TTWF LP & TTWF GP LLC F2

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 Award $0 +1.14K $0.00 1.14K 11 Aug 2023 Common Stock 1.14K Direct F1, F3
transaction WLK Restricted Stock Units Options Exercise $0 -1.45K -100% $0.00* 0 12 Aug 2023 Common Stock 1.45K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into the Issuer's common stock on a one-for-one basis.
F2 92,010,554 shares of Issuer are held through TTWF LP, a Delaware limited partnership. 1,395,000 shares of the Issuer are held through TTWFGP LLC, a Delaware limited liability company that is the general partner of TTWF LP. Two trusts for the benefit of members of the Chao family, including the reporting person, are the managers of TTWFGP LLC. The limited partners of TTWF LP are five trusts, principally for the benefit of members of the Chao family, including the reporting person, and two corporations owned, indirectly or directly, by certain of these trusts and by other entities owned by members of the Chao family, including the reporting person. The reporting person disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein.
F3 All of the restricted stock units will vest on August 11, 2024.
F4 On August 12, 2022 the reporting person was granted 1,446 restricted stock units vesting on the first anniversary of the grant date.