Johnathan Stevan Zoeller - 16 Feb 2024 Form 4 Insider Report for WESTLAKE CORP (WLK)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
21 Feb 2024, 10:31:05 UTC
Prior SEC filing
15 Aug 2023
Next SEC filing
11 Mar 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Johnathan S. Zoeller by J Feng POA

Key filing fact

Johnathan Stevan Zoeller filed Form 4 for WESTLAKE CORP (WLK) on 21 Feb 2024.

Key facts

  • This page summarizes Johnathan Stevan Zoeller's Form 4 filing for WESTLAKE CORP (WLK).
  • 5 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 21 Feb 2024, 10:31.

Change

  • Previous filing in this sequence was filed on 15 Aug 2023.
  • Current net transaction value: -$97,482.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

WLK transaction

Common Stock

Award

Transaction value
$0
Shares
+1,736
Change %
+68%
Price
$0.000000
Shares after
4,296
Date
16 Feb 2024
Ownership
Direct
Footnotes
F1
WLK transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+866
Change %
+20%
Price
$0.000000
Shares after
5,162
Date
19 Feb 2024
Ownership
Direct
Footnotes
F2
WLK transaction

Common Stock

Tax liability

Transaction value
$88,216
Shares
-679
Change %
-13%
Price
$129.92
Shares after
4,483
Date
20 Feb 2024
Ownership
Direct
Footnotes
F3
WLK transaction

Common Stock

Tax liability

Transaction value
$9,266
Shares
-67
Change %
-1.5%
Price
$138.30
Shares after
4,416
Date
20 Feb 2024
Ownership
Direct
Footnotes
F3, F4

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

WLK transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-866
Change %
-100%
Price
$0.000000*
Shares after
0
Date
19 Feb 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
866
Exercise price
Footnotes
F2, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Represents shares of common stock that vested on February 16, 2024 upon the approval of the Issuer's Board of Directors ("BOD"), and the determination by the Compensation Committee of the BOD, of the satisfaction of performance criteria underlying an award of performance stock units ("PSUs") granted to the Reporting Person on February 19, 2021 under the terms of the Issuer's 2013 Omnibus Incentive Plan.

Footnote F2

Restricted stock units ("RSUs") convert into the Issuer's common stock on a one-for-one basis.

Footnote F3

Shares otherwise issuable were withheld to satisfy tax obligations arising out of the vesting of the reporting persons RSUs and PSUs.

Footnote F4

Weighted average price. These shares were sold in multiple transactions at prices ranging from $138.13 to $138.67 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.

Footnote F5

On February 19, 2021, the reporting person was granted 866 RSUs vesting on the third anniversay of the grant date.

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