Thomas J. Janssens - Mar 1, 2022 Form 3 Insider Report for WESTLAKE CORP (WLK)

Role
SVP, Operations-PEM & Corp Log
Signature
Thomas J. Janssens by J. Feng POA
Stock symbol
WLK
Transactions as of
Mar 1, 2022
Transactions value $
$0
Form type
3
Date filed
3/2/2022, 03:13 PM
Next filing
Mar 15, 2022
SEC
View on sec.gov

Transactions Table

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
holding WLK Restricted Stock Units Mar 1, 2022 Common Stock 1.54K Direct F1, F2
holding WLK Restricted Stock Units Mar 1, 2022 Common Stock 3.04K Direct F1, F3
holding WLK Restricted Stock Units Mar 1, 2022 Common Stock 1.17K Direct F1, F4
holding WLK Restricted Stock Units Mar 1, 2022 Common Stock 1.31K Direct F1, F5
holding WLK Employee Option (right to buy) Mar 1, 2022 Common Stock 2.49K $107.75 Direct F6
holding WLK Employee Option (right to buy) Mar 1, 2022 Common Stock 4.34K $79.83 Direct F7
holding WLK Employee Option (right to buy) Mar 1, 2022 Common Stock 6.51K $65.81 Direct F8
holding WLK Employee Option (right to buy) Mar 1, 2022 Common Stock 4.02K $86.54 Direct F9
holding WLK Employee Option (right to buy) Mar 1, 2022 Common Stock 4.15K $108.12 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents the right to receive one share of common stock upon vesting.
F2 The RSUs were granted February 14, 2020 and vest on the third anniversary of the grant date.
F3 The RSUs were granted February 14, 2020 and vest on the fifth anniversary of the grant date.
F4 The RSUs were granted February 19, 2021 and vest on the third anniversary of the grant date.
F5 The RSUs were granted February 18, 2022 and vest on the third anniversary of the grant date.
F6 These Stock Options were granted February 16, 2018 and are exercisable by the Reporting Person.
F7 These Stock Options were granted February 15, 2019 and are exercisable by the Reporting Person.
F8 These Stock Options were granted February 14, 2020. 66% of the 6,507 Stock Options granted have vested and are excercisable; the remaining 34% will vest on February 14, 2023.
F9 These Stock Options were granted February 19, 2021. 33% of the 4,020 Stock Options granted have vested and are excercisable; the remaining Stock Options will vest at 33% on February 19, 2023 and at 34% on February 19, 2024.
F10 These Stock Options were granted February 18, 2022 and are excercisable in three installments of 33%, 33% and 34% on February 18, 2023, 2024 and 2025, respectively.