Thomas J. Janssens - 20 Feb 2025 Form 4 Insider Report for WESTLAKE CORP (WLK)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
24 Feb 2025, 14:13:57 UTC
Prior SEC filing
20 Feb 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Thomas J. Janssens by J. Feng, POA

Key filing fact

Thomas J. Janssens filed Form 4 for WESTLAKE CORP (WLK) on 24 Feb 2025.

Key facts

  • This page summarizes Thomas J. Janssens's Form 4 filing for WESTLAKE CORP (WLK).
  • 4 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 24 Feb 2025, 14:13.

Change

  • Previous filing in this sequence was filed on 20 Feb 2025.
  • Current net transaction value: -$66,987.

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
+2,444
Change %
+16%
Price
$0.000000
Shares after
17,733
Date
20 Feb 2025
Ownership
Direct
Footnotes
F1
WLK transaction

Common Stock

Tax liability

Transaction value
$66,987
Shares
-606
Change %
-3.4%
Price
$110.54
Shares after
17,127
Date
21 Feb 2025
Ownership
Direct
Footnotes
F2, F3

Reported derivative securities

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

WLK transaction Derivative

Employee Option (right to buy)

Award

Transaction value
$0
Shares
+5,871
Change %
Price
$0.000000
Shares after
5,871
Date
21 Feb 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
5,871
Exercise price
$110.15
Footnotes
F4
WLK transaction Derivative

Restricted Stock Units

Award

Transaction value
$0
Shares
+1,946
Change %
Price
$0.000000
Shares after
1,946
Date
21 Feb 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,946
Exercise price
Footnotes
F5, F6
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Represents shares of common stock that vested on February 20, 2025, upon the determination by the Compensation Committee of the Issuer's Board of Directors of the satisfaction of performance criteria underlying an award of performance stock units ("PSUs") granted to the Reporting Person on February 18, 2022, under the terms of the Issuer's 2013 Omnibus Incentive Plan.

Footnote F2

Shares otherwise issuable were witheld to satisfy tax obligations arising out of vesting of the Reporting Person's PSUs.

Footnote F3

Weighted average price. These shares were sold in multiple transactions at prices ranging from $110.54 to $111.32, 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 F4

The stock options are excercisable in three installments of 33%, 33% and 34% on February 21, 2026, 2027 and 2028, respectively.

Footnote F5

Each restricted stock unit ("RSU") represents a contingent right to recieve one share of the Issuer's common stock.

Footnote F6

All of the RSUs will vest on February 21, 2028.

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