Westlake (NYSE: WLK) awards 2,184 RSUs vesting in 2027
Rhea-AI Filing Summary
WESTLAKE CORP (WLK) director R Bruce Northcutt received a grant of 2,184 Restricted Stock Units. These RSUs convert into an equal number of the company’s common shares on a one-for-one basis and will fully vest on August 14, 2027, increasing his directly held equity-based compensation.
Positive
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Negative
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Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
NORTHCUTT R BRUCE
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units F1, F2 | 2,184 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 2,184 shares (Direct)
Footnotes (2)
- F1. Restricted stock units convert into the Issuer's common stock on a one-for-one basis.
- F2. All of the restricted stock units will vest on August 14, 2027.
Key Figures
Restricted Stock Units granted: 2,184 units
RSU conversion ratio: 1.0
RSU vesting date: August 14, 2027
+2 more
5 metrics
Restricted Stock Units granted
2,184 units
Equity award to director R Bruce Northcutt on August 14, 2026
RSU conversion ratio
1.0
Restricted stock units convert into the issuer's common stock on a one-for-one basis
RSU vesting date
August 14, 2027
All of the restricted stock units will vest on this date
Price per RSU
$0.0000
Reported transaction price per Restricted Stock Unit for the grant
RSUs owned after transaction
2,184 units
Total Restricted Stock Units directly held following the reported grant
Key Terms
Restricted Stock Units, one-for-one basis, vest
3 terms
Restricted Stock Units financial
"Restricted Stock Units convert into the Issuer's common stock on a one-for-one basis"
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.
one-for-one basis financial
"Restricted stock units convert into the Issuer's common stock on a one-for-one basis"
vest financial
"All of the restricted stock units will vest on August 14, 2027"
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.
FAQ
What insider transaction did WESTLAKE CORP (WLK) report for R Bruce Northcutt?
WESTLAKE CORP reported that director R Bruce Northcutt received 2,184 Restricted Stock Units. These units represent a grant of equity-based compensation, which can convert into an equal number of common shares once the vesting conditions are met.
How many Restricted Stock Units were granted to the WLK director in this Form 4?
The WLK director was granted 2,184 Restricted Stock Units. After vesting, each RSU can convert into one share of WESTLAKE CORP common stock, aligning the director’s compensation more closely with long-term shareholder value.
When do the newly granted WLK Restricted Stock Units vest?
All of the 2,184 Restricted Stock Units granted will vest on August 14, 2027. Vesting means the director earns the right to receive the underlying common shares, subject to the grant’s terms and continued service conditions.
What is the conversion ratio of the WLK Restricted Stock Units reported in this filing?
The Restricted Stock Units convert into WESTLAKE CORP common stock on a one-for-one basis. This means each of the 2,184 RSUs can become one share of common stock once the vesting date and any related conditions are satisfied.
Is there a purchase price for the WLK director’s Restricted Stock Unit grant?
The reported per-unit price for the 2,184 Restricted Stock Units is $0.0000. This indicates the units were granted as part of compensation, rather than purchased in an open-market transaction, and will convert into common shares upon vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.