Albert Chao - Feb 15, 2022 Form 4 Insider Report for WESTLAKE CORP (WLK)

Role
President & CEO, Director, 10%+ Owner
Signature
Albert Chao by J. Feng POA
Stock symbol
WLK
Transactions as of
Feb 15, 2022
Transactions value $
-$603,442
Form type
4
Date filed
2/17/2022, 10:34 AM
Previous filing
Dec 6, 2021
Next filing
Feb 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WLK Common Stock Options Exercise +18.4K +4.15% 460K Feb 15, 2022 Direct F1
transaction WLK Common Stock Tax liability -$601K -5.72K -1.24% $104.96 455K Feb 16, 2022 Direct F2
transaction WLK Common Stock Tax liability -$2.86K -27 -0.01% $105.97 455K Feb 16, 2022 Direct F2
holding WLK Common Stock 93.4M Feb 15, 2022 TTWF LP & TTWF GP LLC 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 -18.4K -100% $0.00* 0 Feb 15, 2022 Common Stock 18.4K Direct F1, F3
* 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 Issuer's shares of common stock on a one-for-one basis.
F2 Shares otherwise issuable were withheld to satisfy tax obligations arising out of vesting of the Reporting Person's restricted stock units.
F3 On February 15, 2019, the reporting person was granted 18,354 restricted stock units vesting on the third anniversary of the grant date.
F4 93,405,554 shares of Issuer are held through TTWF LP, a Delaware limited partnership, and TTWF GP LLC, a Delaware limited liability company and 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 shares investment and voting power with respect to the shares beneficially owned by TTWF LP and TTWFGP LLC. The reporting person disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein.