Westlake (WLK) EVP granted stock options, RSUs and reports tax share disposal
Rhea-AI Filing Summary
Westlake Corp executive L. Benjamin Ederington reported equity awards and related tax withholding transactions. On February 20, 2026, he received 25,656 employee stock options at an exercise price of $0.0000 per share. According to the disclosure, these options become exercisable in three installments of 33%, 33% and 34% on February 20, 2027, 2028 and 2029, respectively.
He was also granted 7,002 restricted stock units, each representing a contingent right to receive one share of common stock, which are scheduled to vest on February 20, 2029. In addition, 1,425 shares of common stock were acquired on February 19, 2026 upon the vesting of performance stock units, following the compensation committee’s confirmation that performance criteria were satisfied. To cover tax obligations from this vesting, 357 shares of common stock were disposed of at a weighted-average price of $94.102 per share. After these transactions, he directly owned 80,158 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Option (right to buy) | 25,656 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 7,002 | $0.00 | -- |
| Tax Withholding | Common Stock | 357 | $94.102 | $34K |
| Grant/Award | Common Stock | 1,425 | $0.00 | -- |
Footnotes (1)
- Represents shares of common stock that vested on February 19, 2026, 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 17, 2023, under the terms of the Issuer's 2013 Omnibus Incentive Plan. Shares otherwise issuable were witheld to satisfy tax obligations arising out of vesting of the Reporting Person's PSUs. Weighted average price. These shares were sold in multiple transactions at prices ranging from $94.10 to 94.38, 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. 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.