Westlake Corp (WLK) director exercises 2,168 RSUs, boosting holdings to 5,748 shares
Rhea-AI Filing Summary
Westlake Corp director Carolyn Chao Sabat exercised previously granted 2,168 Restricted Stock Units, converting them into 2,168 shares of common stock on a one-for-one basis. The award was originally granted on August 8, 2025 and vested on its first anniversary. Following this conversion, she directly holds 5,748 shares of Westlake common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,168 shares
Net Buy
2 txns
Insider
Sabat Carolyn Chao
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 2,168 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 2,168 | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 2,168 shares (Direct);
Common Stock — 5,748 shares (Direct)
Footnotes (2)
- F1. Restricted stock units convert into the Issuer's common stock on a one-for-one basis.
- F2. On August 8, 2025 the reporting person was granted 2,168 restricted stock units vesting on the first anniversary of the grant date.
Key Figures
RSUs converted: 2,168 units
Shares received: 2,168 shares
Holdings after transaction: 5,748 shares
+1 more
4 metrics
RSUs converted
2,168 units
Restricted Stock Units converting into common stock on a one-for-one basis
Shares received
2,168 shares
Common stock acquired upon RSU vesting and conversion on August 8, 2026
Holdings after transaction
5,748 shares
Total direct Westlake common stock held by Carolyn Chao Sabat after the RSU conversion
RSU grant date
August 8, 2025
Original grant date of the 2,168 Restricted Stock Units that vested after one year
Key Terms
Restricted Stock Units, derivative security, non-derivative
3 terms
Restricted Stock Units financial
"Restricted stock units convert into the Issuer's common stock on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
non-derivative financial
"transaction_type": "non-derivative""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Westlake Corp (WLK) director Carolyn Chao Sabat report in this Form 4?
She reported the exercise of 2,168 Restricted Stock Units, which converted into 2,168 shares of Westlake common stock. This reflects the vesting and settlement of equity compensation rather than an open-market purchase or sale.
What was the size of the equity award that vested for Westlake Corp (WLK) director Sabat?
An equity award of 2,168 Restricted Stock Units vested and was settled in shares. According to the filing, these units were granted on August 8, 2025 and converted into common stock on a one-for-one basis at vesting.
Was Carolyn Chao Sabat’s Westlake Corp (WLK) transaction under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as relying on a trading plan. The reported transaction reflects RSU vesting and conversion, not an open-market trade executed under a pre-arranged sales plan.
Did the Westlake Corp (WLK) Form 4 show any open-market buys or sells by the director?
No open-market purchases or sales are reported. The Form 4 reflects an exercise/conversion of 2,168 Restricted Stock Units into common shares, a compensation-related equity settlement rather than discretionary trading in the market.