Director at Westlake (NYSE: WLK) settles RSU taxes in stock
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
570 shares exercised/converted
Mixed
3 txns
Insider
Chao John Tsung-chen
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 242 | $98.95 | $24K |
| Exercise | Restricted Stock Units | 570 | $0.00 | -- |
| Exercise | Common Stock | 570 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,766 shares (Direct);
Restricted Stock Units — 0 shares (Direct)
Footnotes (1)
- Restricted stock units ("RSUs") convert into the Issuer's common stock on a one-for-one basis. On February 17, 2023, the reporting person was granted 570 RSUs vesting on the third anniversay of the grant date. Shares otherwise issuable were withheld to satisfy tax obligations arising out of the vesting of the reporting persons RSUs. 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
What insider transactions did Westlake (WLK) director John Tsung-chen Chao report?
Director John Tsung-chen Chao reported RSU vesting and related share movements, including 570 restricted stock units converting into common stock and 242 shares withheld to cover tax obligations. These routine equity compensation events adjusted his directly held Westlake common stock balance.
How many Westlake (WLK) restricted stock units vested for John Tsung-chen Chao?
A grant of 570 restricted stock units to director John Tsung-chen Chao vested on the third anniversary of its February 17, 2023 grant date. Upon vesting, those 570 RSUs converted into an equal number of Westlake common shares on a one-for-one basis.
What is John Tsung-chen Chao’s Westlake (WLK) common stock holding after these transactions?
Following the RSU conversion, tax-withholding disposition, and an ownership reconciliation, John Tsung-chen Chao directly holds 7,766 shares of Westlake common stock. The reconciliation added 400 shares that had been inadvertently omitted from prior Form 4 ownership reports.
What did the reconciliation note in John Tsung-chen Chao’s Westlake (WLK) filing explain?
The reconciliation note explains that 400 shares of Westlake common stock were inadvertently left out of John Tsung-chen Chao’s prior Form 4 filings. These shares are now included in his current reported direct ownership balance of 7,766 shares.