Albert Chao - 17 Feb 2023 Form 4 Insider Report for WESTLAKE CORP (WLK)

Role
President & CEO, Director, 10%+ Owner
Signature
Albert Chao by J. Feng POA
Issuer symbol
WLK
Transactions as of
17 Feb 2023
Net transactions value
$0
Form type
4
Filing time
21 Feb 2023, 08:07:32 UTC
Previous filing
16 Feb 2023
Next filing
31 Aug 2023
SEC
View on sec.gov

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) Award $0 +45,196 $0.000000 45,196 17 Feb 2023 Common Stock 45,196 $122.65 Direct F1
transaction WLK Restricted Stock Units Award $0 +16,555 $0.000000 16,555 17 Feb 2023 Common Stock 16,555 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock options are excercisable in three installments of 33%, 33% and 34% on February 17, 2024, 2025 and 2026, respectively.
F2 Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
F3 All of the restricted stock units will vest on February 17, 2026.