Westlake (WLK) SVP receives 1,961 RSUs vesting in 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Westlake Corp senior vice president Brian John Powers reported a compensation-related equity award of 1,961 restricted stock units (RSUs), each representing a contingent right to receive one share of Westlake common stock. All of these RSUs are scheduled to vest on April 2, 2029.
This filing reflects a grant/award acquisition rather than an open-market stock purchase or sale, and leaves Powers with a reported total of 1,961 RSUs following the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Powers Brian John
Role
SVP, PEM Segment Head
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,961 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,961 shares (Direct)
Footnotes (1)
- 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 April 2, 2029.
Key Figures
RSUs granted: 1,961 units
Underlying common shares: 1,961 shares
RSU vesting date: April 2, 2029
+1 more
4 metrics
RSUs granted
1,961 units
Restricted stock units awarded on April 2, 2026
Underlying common shares
1,961 shares
Each RSU represents one share of common stock
RSU vesting date
April 2, 2029
All granted RSUs vest on this date
Total RSUs after grant
1,961 units
Holdings following the reported transaction
Key Terms
Restricted Stock Units, RSU, vest, contingent right
4 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units""
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.
RSU financial
"Each restricted stock unit ("RSU") represents a contingent right"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
vest financial
"All of the RSUs will vest on April 2, 2029."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
contingent right financial
"represents a contingent right to recieve one share"
FAQ
What insider transaction did Westlake (WLK) report for Brian John Powers?
Westlake reported that SVP Brian John Powers received a grant of 1,961 restricted stock units. These RSUs are a form of equity compensation that can convert into the same number of common shares if vesting conditions are met by the stated future date.
How many restricted stock units did the Westlake SVP receive?
Brian John Powers was granted 1,961 restricted stock units. Each RSU represents a contingent right to receive one share of Westlake common stock, providing potential future ownership if all vesting requirements are satisfied over the award period.
When do Brian John Powers’ Westlake RSUs vest?
All of Brian John Powers’ 1,961 restricted stock units are scheduled to vest on April 2, 2029. Vesting on a single future date means the units convert into common stock only if he remains eligible through that date.
Is the Westlake Form 4 transaction a stock purchase or sale?
The Form 4 shows a grant of restricted stock units, not an open-market stock purchase or sale. It is classified as a compensation-related grant or award acquisition, with no reported cash transaction in the market for Westlake common shares.
What does each Westlake restricted stock unit represent for the SVP?
Each restricted stock unit represents a contingent right to receive one share of Westlake’s common stock. The rights only become actual shares if the units vest, which for this award is scheduled to occur on April 2, 2029.