Westlake director Chao exercises 570 RSUs
Westlake Corp director John Tsung-chen Chao reported equity compensation activity involving restricted stock units and common stock.
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Rhea-AI Filing Summary
Westlake Corp director John Tsung-chen Chao reported equity compensation activity involving restricted stock units and common stock. On February 17, 2026, 570 restricted stock units converted into an equal number of Westlake common shares following a grant made on February 17, 2023 that vested on the third anniversary.
On February 18, 2026, 242 of the shares otherwise issuable were withheld at a price of $98.95 per share to cover tax obligations arising from the RSU vesting. After these transactions and an ownership reconciliation that added 400 previously unreported shares, Chao directly holds 7,766 common shares of Westlake Corp.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 242 | $98.95 | $24K |
| Exercise | Restricted Stock Units | 570 | $0.00 | $0.00 |
| Exercise | Common Stock | 570 | $0.00 | $0.00 |
Footnotes (4)
- F1. Restricted stock units ("RSUs") convert into the Issuer's common stock on a one-for-one basis.
- F2. On February 17, 2023, the reporting person was granted 570 RSUs vesting on the third anniversay of the grant date.
- F3. Shares otherwise issuable were withheld to satisfy tax obligations arising out of the vesting of the reporting persons RSUs.
- F4. Following a reconciliation of the reporting person's ownership records, the balance includes 400 shares that were inadvertently omitted from the reporting person's prior Form 4s.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Westlake (WLK) director John Tsung-chen Chao report?
How many Westlake (WLK) restricted stock units vested for John Tsung-chen Chao?
What is John Tsung-chen Chao’s Westlake (WLK) common stock holding after these transactions?
What did the reconciliation note in John Tsung-chen Chao’s Westlake (WLK) filing explain?
AI-generated analysis. How Rhea-AI works. Not financial advice.