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

Role
EVP, HIP, IT & Digital
Signature
Robert F. Buesinger by J. Feng POA
Issuer symbol
WLK
Transactions as of
27 May 2022
Net transactions value
-$416,317
Form type
4
Filing time
31 May 2022, 12:38:28 UTC
Previous filing
16 Mar 2022
Next filing
24 Aug 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 $1,031,275 +9,571 +81% $107.75 21,351 27 May 2022 Direct
transaction WLK Common Stock Options Exercise $420,228 +4,856 +23% $86.54 26,207 27 May 2022 Direct
transaction WLK Common Stock Sale $1,867,820 -14,427 -55% $129.47 11,780 27 May 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 -9,571 -100% $0.000000* 0 27 May 2022 Common Stock 9,571 $107.75 Direct F2
transaction WLK Employee Option (right to buy) Options Exercise $0 -4,856 -33% $0.000000 9,862 27 May 2022 Common Stock 4,856 $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.