Albert Chao - May 19, 2022 Form 4 Insider Report for WESTLAKE CORP (WLK)

Signature
Albert Chao by Julia Feng POA
Stock symbol
WLK
Transactions as of
May 19, 2022
Transactions value $
-$3,207,343
Form type
4
Date filed
5/23/2022, 12:07 PM
Previous filing
Feb 22, 2022
Next filing
Feb 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WLK Common Stock Options Exercise $1.73M +37.9K +8.01% $45.70 511K May 19, 2022 Direct
transaction WLK Common Stock Sale -$1.58M -12K -2.35% $131.11 499K May 19, 2022 Direct F1
transaction WLK Common Stock Sale -$2.71M -20.8K -4.17% $130.20 478K May 19, 2022 Direct F2
transaction WLK Common Stock Sale -$653K -5.05K -1.06% $129.38 473K May 19, 2022 Direct F3
holding WLK Common Stock 93.4M May 19, 2022 TTWF LP & TTWF GP LLC F4

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 -37.9K -100% $0.00* 0 May 19, 2022 Common Stock 37.9K $45.70 Direct F5
* 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 $130.69 to $131.64, inclusive. The reporting person undertakes to provide to Westlake Corporation, any security holder of Westlake Chemical Corporation 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 $129.557 to $130.53, inclusive. The reporting person undertakes to provide to Westlake Corporation, any security holder of Westlake Corporation 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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $129.275 to $129.5, inclusive. The reporting person undertakes to provide to Westlake Corporation, any security holder of Westlake Corporation 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.
F4 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.
F5 The stock options are excercisable in three equal installments on February 15, 2014, 2015 and 2016.