Westlake Corp (NYSE: WLK) EVP converts RSUs, withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Westlake Corp executive Robert F. Buesinger reported equity award activity and related tax withholding. On February 17, 2026, 3,478 restricted stock units were exercised into the same number of common shares at $0.00 per share, reflecting the vesting of RSUs granted on February 17, 2023. Following this conversion, his direct common stock holdings rose to 38,410 shares. On February 18, 2026, 903 common shares valued at $98.95 per share were disposed of to cover tax obligations from the RSU vesting, reducing his direct holdings to 37,507 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,478 shares exercised/converted
Mixed
3 txns
Insider
Buesinger Robert F.
Role
EVP, PEM Segment Head
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 903 | $98.95 | $89K |
| Exercise | Restricted Stock Units | 3,478 | $0.00 | -- |
| Exercise | Common Stock | 3,478 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 37,507 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 3,478 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.
FAQ
What insider transactions did Westlake Corp (WLK) report for Robert F. Buesinger?
Westlake Corp reported that Robert F. Buesinger exercised 3,478 restricted stock units into common stock, then disposed of 903 common shares to cover tax obligations. These transactions were tied to previously granted RSUs that vested on the third anniversary of the February 17, 2023 grant.
What were the terms of the Westlake Corp (WLK) restricted stock units involved in this Form 4?
The restricted stock units converted into Westlake Corp common stock on a one-for-one basis. They were part of a grant of 3,478 RSUs awarded on February 17, 2023, which vested on the third anniversary of the grant date before converting into common shares.