Westlake (WLK) CEO awarded 109,139 options and 29,784 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Westlake Corp President and CEO Jean-Marc Gilson reported equity awards consisting of stock options and restricted stock units. He was granted 109,139 employee stock options at an exercise price of $0.00 and 29,784 restricted stock units, each RSU representing the right to receive one share of common stock. The options become exercisable in three installments of 33%, 33% and 34% on February 20, 2027, 2028 and 2029, while all RSUs vest on February 20, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Gilson Jean-Marc
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Option (right to buy) | 109,139 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 29,784 | $0.00 | -- |
Holdings After Transaction:
Employee Option (right to buy) — 109,139 shares (Direct);
Restricted Stock Units — 29,784 shares (Direct)
Footnotes (1)
- The stock options are excercisable in three installments of 33%, 33% and 34% on February 20, 2027, 2028 and 2029, respectively. Each restricted stock unit ("RSU") represents a contingent right to recieve one share of the Issuer's common stock. All of the RSUs will vest on February 20, 2029.
FAQ
What insider transaction did Westlake (WLK) report for Jean-Marc Gilson?
Westlake reported that President and CEO Jean-Marc Gilson received equity awards, including stock options and restricted stock units. These awards increase his potential future ownership through time-based vesting rather than through open-market share purchases or sales.
How many stock options were granted to the Westlake (WLK) CEO?
Jean-Marc Gilson was granted 109,139 employee stock options at an exercise price of $0.00. These options vest in three tranches of 33%, 33% and 34% on February 20, 2027, 2028 and 2029, respectively, subject to continued service.
What restricted stock unit (RSU) awards did Westlake (WLK) disclose?
The CEO received 29,784 restricted stock units. Each RSU represents a contingent right to receive one share of Westlake’s common stock. All of these RSUs are scheduled to vest on February 20, 2029, aligning his compensation with long-term company performance.
When do the Westlake (WLK) CEO’s new equity awards vest?
The stock options become exercisable in three installments on February 20 of 2027, 2028 and 2029 at 33%, 33% and 34%. All 29,784 restricted stock units vest together on February 20, 2029, creating a long-term incentive horizon for the CEO.