Thomas J. Janssens - Mar 1, 2022 Form 3/A - Amendment 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/A - Amendment
Date filed
3/15/2022, 03:42 PM
Date Of Original Report
Mar 1, 2022
Next filing
Mar 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WLK Common Stock 6.77K Mar 1, 2022 Direct F1

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 F2, F3
holding WLK Restricted Stock Units Mar 1, 2022 Common Stock 3.04K Direct F2, F4
holding WLK Restricted Stock Units Mar 1, 2022 Common Stock 1.17K Direct F2, F5
holding WLK Restricted Stock Units Mar 1, 2022 Common Stock 1.31K Direct F2, F6
holding WLK Employee Option (right to buy) Mar 1, 2022 Common Stock 2.49K $107.75 Direct F7
holding WLK Employee Option (right to buy) Mar 1, 2022 Common Stock 4.34K $79.83 Direct F8
holding WLK Employee Option (right to buy) Mar 1, 2022 Common Stock 6.51K $65.81 Direct F9
holding WLK Employee Option (right to buy) Mar 1, 2022 Common Stock 4.02K $86.54 Direct F10
holding WLK Employee Option (right to buy) Mar 1, 2022 Common Stock 4.15K $108.12 Direct F11
* 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 3 filed on behalf of the Reporting Person on March 2, 2022 (the 'Original Form 3') reported beneficial ownership of 6,766 shares of common stock. This Form 3/A amends that filing to reflect the correct amount of 6,765 shares of common stock. Beneficial Ownership in Table II of the Original Form 3 remains the same, other than conforming changes in footnote numbering.
F2 Each restricted stock unit ("RSU") represents the right to receive one share of common stock upon vesting.
F3 The RSUs were granted February 14, 2020 and vest on the third anniversary of the grant date.
F4 The RSUs were granted February 14, 2020 and vest on the fifth anniversary of the grant date.
F5 The RSUs were granted February 19, 2021 and vest on the third anniversary of the grant date.
F6 The RSUs were granted February 18, 2022 and vest on the third anniversary of the grant date.
F7 These Stock Options were granted February 16, 2018 and are exercisable by the Reporting Person.
F8 These Stock Options were granted February 15, 2019 and are exercisable by the Reporting Person.
F9 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.
F10 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.
F11 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.