Westlake Corp (WLK) chair exercises options and sells common stock
Rhea-AI Filing Summary
Westlake Corp’s executive chairman and director reported an option exercise and share sales in the company’s common stock. On 12/22/2025, he exercised an employee stock option to acquire 81,673 shares of common stock at an exercise price of $44.42 per share, increasing his direct holdings.
That same day, he sold shares in several open-market transactions, including 9,711 shares at a weighted average price of $72.818, 30,604 shares at a weighted average price of $73.796, and 521 shares at a weighted average price of $74.443. A portion of the sale proceeds was used to pay the option strike price and related taxes. After these transactions, he directly owned 627,722 shares of Westlake Corp common stock, and the reported option position was reduced to zero.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Option (right to buy) | 81,673 | $0.00 | -- |
| Exercise | Common Stock | 81,673 | $44.42 | $3.63M |
| Sale | Common Stock | 9,711 | $72.818 | $707K |
| Sale | Common Stock | 30,604 | $73.796 | $2.26M |
| Sale | Common Stock | 521 | $74.443 | $39K |
Footnotes (1)
- A portion of the sale proceeds were used to cover the strike price and related taxes in regards to the excercise of the options disclosed in Table II. Weighted average price. These shares were sold in multiple transactions ranging from $72.395 to $73.39 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. Weighted average price. These shares were sold in multiple transactions ranging from $73.40 to $74.40 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. Weighted average price. These shares were sold in multiple transactions ranging from $74.405 to $74.515 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 exercisable in three installments of 33%, 33% and 34% on February 18, 2017, 2018 and 2019, respectively.
FAQ
What insider transaction did Westlake Corp (WLK) report in this Form 4?
The filing reports that Westlake Corp’s executive chairman and director exercised an employee stock option for 81,673 shares of common stock at $44.42 per share on 12/22/2025, and sold portions of the acquired stock in multiple market transactions the same day.
What happened to the stock options reported by the Westlake Corp (WLK) insider?
The insider exercised an employee stock option covering 81,673 shares of common stock at $44.42 per share. After this exercise, the number of derivative securities (the option) reported as beneficially owned was zero. The option was originally scheduled to vest in three installments of 33%, 33% and 34% in 2017, 2018 and 2019 and had an expiration date of 02/18/2026.
Did the Westlake Corp (WLK) insider use sale proceeds for option costs or taxes?
Yes. The explanation states that a portion of the sale proceeds from the reported stock sales was used to cover the option strike price and related taxes associated with the option exercise disclosed in Table II.
What role does the reporting person hold at Westlake Corp (WLK)?
The reporting person is identified as both a director and an officer, serving as Executive Chairman of Westlake Corp.