Roger L. Kearns - 25 Mar 2022 Form 4 Insider Report for WESTLAKE CORP (WLK)

Role
COO and EVP - PEM
Signature
Roger L. Kearns by J. Feng POA
Issuer symbol
WLK
Transactions as of
25 Mar 2022
Net transactions value
-$435,442
Form type
4
Filing time
28 Mar 2022, 13:50:08 UTC
Previous filing
25 Mar 2022
Next filing
18 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WLK Common Stock Options Exercise $329,778 +4,131 +16% $79.83 30,520 25 Mar 2022 Direct
transaction WLK Common Stock Options Exercise $536,708 +6,202 +20% $86.54 36,722 25 Mar 2022 Direct
transaction WLK Common Stock Sale $940,291 -7,472 -20% $125.84 29,250 25 Mar 2022 Direct F1
transaction WLK Common Stock Sale $361,636 -2,861 -9.8% $126.40 26,389 25 Mar 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 -4,131 -33% $0.000000 8,388 25 Mar 2022 Common Stock 4,131 $79.83 Direct F3
transaction WLK Employee Option (right to buy) Options Exercise $0 -6,202 -100% $0.000000* 0 25 Mar 2022 Common Stock 6,202 $86.54 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 $125.21 to $126.21, 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 $126.22 to $126.66, 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 19, 2022, 2023 and 2024.