Albert Chao - Feb 14, 2023 Form 4 Insider Report for WESTLAKE CORP (WLK)

Role
President & CEO, Director, 10%+ Owner
Signature
Albert Chao by J. Feng POA
Stock symbol
WLK
Transactions as of
Feb 14, 2023
Transactions value $
-$1,116,206
Form type
4
Date filed
2/16/2023, 10:39 AM
Previous filing
May 23, 2022
Next filing
Feb 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WLK Common Stock Options Exercise +26K +5.51% 499K Feb 14, 2023 Direct F1
transaction WLK Common Stock Tax liability -$1.1M -9.03K -1.81% $121.86 490K Feb 15, 2023 Direct F2
transaction WLK Common Stock Tax liability -$15.6K -127 -0.03% $122.57 490K Feb 15, 2023 Direct F2
holding WLK Common Stock 93.4M Feb 14, 2023 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 Restricted Stock Units Options Exercise $0 -26K -100% $0.00* 0 Feb 14, 2023 Common Stock 26K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into Issuer's shares of common stock on a one-for-one basis.
F2 Shares otherwise issuable were withheld to satisfy tax obligations arising out of vesting of the Reporting Person's restricted stock units.
F3 On February 14, 2020, the reporting person was granted 26,048 restricted stock units vesting on the third anniversary of the grant date.
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.