Steven Bender - Mar 25, 2022 Form 4 Insider Report for WESTLAKE CORP (WLK)

Role
EVP and CFO
Signature
M. Steven Bender by J. Feng POA
Stock symbol
WLK
Transactions as of
Mar 25, 2022
Transactions value $
-$420,154
Form type
4
Date filed
3/28/2022, 01:48 PM
Previous filing
Mar 25, 2022
Next filing
Mar 30, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WLK Common Stock Options Exercise $319K +4K +13.02% $79.83 34.7K Mar 25, 2022 Direct
transaction WLK Common Stock Options Exercise $263K +4K +11.52% $65.81 38.7K Mar 25, 2022 Direct
transaction WLK Common Stock Sale -$632K -5.05K -13.05% $125.11 33.7K Mar 25, 2022 Direct F1
transaction WLK Common Stock Sale -$371K -2.95K -8.75% $125.74 30.7K Mar 25, 2022 Direct F2

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) Options Exercise $0 -4K -36.16% $0.00 7.06K Mar 25, 2022 Common Stock 4K $79.83 Direct F3
transaction WLK Employee Option (right to buy) Options Exercise $0 -4K -30.86% $0.00 8.96K Mar 25, 2022 Common Stock 4K $65.81 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $124.50 to $125.50, inclusive. The reporting person undertakes to provide to Westlake Corp., any security holder of Westlake Corp. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $125.51 to $125.95, inclusive. The reporting person undertakes to provide to Westlake Corp., any security holder of Westlake Corp. or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
F3 The stock options are excercisable in three installments of 33%, 33% and 34% on February 15, 2020, 2021 and 2022.
F4 The stock options are excercisable in three installments of 33%, 33% and 34% on February 14, 2021, 2022 and 2023.