Robert F. Buesinger - May 27, 2022 Form 4 Insider Report for WESTLAKE CORP (WLK)

Signature
Robert F. Buesinger by J. Feng POA
Stock symbol
WLK
Transactions as of
May 27, 2022
Transactions value $
-$416,317
Form type
4
Date filed
5/31/2022, 12:38 PM
Previous filing
Mar 16, 2022
Next filing
Aug 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WLK Common Stock Options Exercise $1.03M +9.57K +81.25% $107.75 21.4K May 27, 2022 Direct
transaction WLK Common Stock Options Exercise $420K +4.86K +22.74% $86.54 26.2K May 27, 2022 Direct
transaction WLK Common Stock Sale -$1.87M -14.4K -55.05% $129.47 11.8K May 27, 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
transaction WLK Employee Option (right to buy) Options Exercise $0 -9.57K -100% $0.00* 0 May 27, 2022 Common Stock 9.57K $107.75 Direct F2
transaction WLK Employee Option (right to buy) Options Exercise $0 -4.86K -32.99% $0.00 9.86K May 27, 2022 Common Stock 4.86K $86.54 Direct F3
* 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 $129.45 to $129.72, 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 stock options were excercisable in three installments of 33%, 33% and 34% on February 16, 2019, 2020 and 2021, respectively.
F3 The stock options were excercisable in three installments of 33%, 33% and 34% on February 19, 2022, 2023 and 2024, respectively.