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

Signature
James Chao by J. Feng POA
Stock symbol
WLK
Transactions as of
Feb 18, 2022
Transactions value $
-$1,150,732
Form type
4/A - Amendment
Date filed
3/15/2022, 03:38 PM
Date Of Original Report
Feb 18, 2022
Previous filing
Sep 15, 2023
Next filing
Jun 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WLK Common Stock Award $0 +24.5K +22.07% $0.00 135K Feb 18, 2022 Direct F1
transaction WLK Common Stock Tax liability -$1.15M -9.71K -7.18% $118.51 126K Mar 14, 2022 Direct F2
holding WLK Common Stock 93.4M Feb 18, 2022 TTWF LP & TTWF GP LLC F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Due to a rounding error, discovered on March 15, 2022, the original Form 4 filed on behalf of the Reporting Person on February 18, 2022 (the 'Original Form 4') reported the vesting of 24,462 shares of common stock. This Form 4/A amends that filing to reflect a vesting of 24,461 shares of common stock. As previously reported, these shares of common stock vested upon the determination by the Compensation Committee of the Issuer's Board of Directors of the satisfaction of performance criteria underlying an award of performance stock units granted to the Reporting Person on February 15, 2019 under the terms of the Issuer's 2013 Omnibus Incentive Plan.
F2 The Original Form 4 is further amended to disclose that 9,710 shares of common stock were sold to cover tax withholding obligations arising from the award. 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.
F3 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.