Albert Chao - Feb 18, 2022 Form 4/A - Amendment Insider Report for WESTLAKE CORP (WLK)

Role: President and CEO, Director, 10%+ Owner
Signature: Albert Chao by J. Feng POA
Stock symbol: WLK
Transactions as of: Feb 18, 2022
Transactions value $: -$1,438,474
Form type: 4/A - Amendment
Date filed: 3/15/2022, 03:36 PM
Date Of Original Report: Feb 18, 2022
Previous filing: Feb 17, 2022
Next filing: May 23, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WLK	Common Stock	Award	$0	+30.6K	+6.73%	$0.00	485K	Feb 18, 2022	Direct
transaction	WLK	Common Stock	Tax liability	-$1.44M	-12.1K	-2.5%	$118.51	473K	Mar 14, 2022	Direct	F1
holding	WLK	Common Stock						93.4M	Feb 18, 2022	TTWF LP & TTWF GP LLC	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The original Form 4 filed by the Reporting Person on February 18, 2022 is amended by this Form 4 Amendment to disclose that 12,138 shares of common stock were sold to cover tax withholding obligations arising from the award reported in the original Form 4. The original Form 4 did not report the sale to cover tax withholding obligations because the number of shares to be sold was not known at the time of filing. This Form 4 Amendment is in addition to, and does not replace, the disclosure contained in the original Form 4.
F2	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.

Content

The original Form 4 filed by the Reporting Person on February 18, 2022 is amended by this Form 4 Amendment to disclose that 12,138 shares of common stock were sold to cover tax withholding obligations arising from the award reported in the original Form 4. The original Form 4 did not report the sale to cover tax withholding obligations because the number of shares to be sold was not known at the time of filing. This Form 4 Amendment is in addition to, and does not replace, the disclosure contained in the original Form 4.

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.