John Tsung-Chen Chao - 18 Feb 2022 Form 4 Insider Report for WESTLAKE CORP (WLK)

Role
Director, Other*, 10%+ Owner
Signature
John Chao by J. Feng POA
Issuer symbol
WLK
Transactions as of
18 Feb 2022
Net transactions value
$0
Form type
4
Filing time
21 Mar 2022, 10:00:54 UTC
Previous filing
16 Aug 2021
Next filing
21 Feb 2023
SEC
View on sec.gov

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 Employee Option (right to buy) Award $0 +1,623 $0.000000 1,623 18 Feb 2022 Common Stock 1,623 $108.12 Direct F1
transaction WLK Restricted Stock Units Award $0 +513 $0.000000 513 18 Feb 2022 Common Stock 513 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock options are excercisable in three installments of 33%, 33% and 34% on February 18, 2023, 2024 and 2025, respectively.
F2 Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
F3 All of the restricted stock units will vest on February 18, 2025.

Remarks:

John Chao is Vice President and Managing Director of Westlake Innovations, Inc., a subsidiary of the Issuer.