Westlake Corp (NYSE: WLK) CFO disposes 1,171 shares for RSU tax withholding
Rhea-AI Filing Summary
Westlake Corp executive vice president and CFO Mark Steven Bender reported a tax-related share disposition. On February 16, 2022, 1,171 shares of common stock were sold at $104.96 per share to cover tax withholding obligations arising from the vesting of his restricted stock units. After this transaction, he held 25,608 common shares directly. The amended Form 4 corrects the previously reported number of shares sold to cover these tax obligations and is stated to be in addition to, and not a replacement for, the original Form 4.
Positive
- None.
Negative
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Insider Trade Summary
Net Seller: 1,171 shares
Net Sell
1 txn
Insider
Bender Mark Steven
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,171 | $104.96 | $123K |
Holdings After Transaction:
Common Stock — 25,608 shares (Direct)
Footnotes (1)
- F1. The original Form 4 filed by the Reporting Person on February 17, 2022, is amended by this Form 4/A to disclose that 1,171 shares of common stock were sold to cover tax withholding obligations arising from the vesting of the Reporting Person's restricted stock units. The original Form 4 reported an incorrect number of shares sold to cover tax withholding obligations. [This Form 4/A is in addition to, and does not replace, the disclosure contained in the original Form 4.]
FAQ
What insider transaction did Westlake Corp (WLK) report for Mark Steven Bender?
Westlake Corp executive vice president and CFO Mark Steven Bender reported a disposition of 1,171 shares of common stock. The shares were sold specifically to cover tax withholding obligations that arose when his restricted stock units vested, according to the amended disclosure language.
What does this Form 4/A amendment change from the original Westlake Corp (WLK) filing?
The Form 4/A states it amends the original Form 4 filed on February 17, 2022, by correcting the number of shares sold to cover tax withholding obligations. It notes the original Form 4 reported an incorrect share amount for that tax-related sale.
How is the February 16, 2022 Westlake Corp (WLK) transaction coded in the Form 4/A?
The transaction is coded with transaction code F, described as payment of a tax liability by delivering securities. The filing characterizes it as a non-derivative disposition, specifically a tax-withholding disposition related to the vesting of restricted stock units for Mark Steven Bender.
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