Westlake Corp (WLK) SVP reports RSU vesting and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Westlake Corp senior vice president Scott Thomas Szwejbka reported equity award activity involving restricted stock units and common shares. On February 17, 2026, 977 restricted stock units vested and were converted on a one-for-one basis into 977 shares of common stock. On February 18, 2026, 295 of those shares were withheld at a reference price of $98.95 per share to cover tax obligations arising from the RSU vesting. After these transactions, Szwejbka directly owned 13,499 shares of Westlake common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
977 shares exercised/converted
Mixed
3 txns
Insider
Szwejbka Scott Thomas
Role
SVP, HIP Segment Head
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 295 | $98.95 | $29K |
| Exercise | Restricted Stock Units | 977 | $0.00 | -- |
| Exercise | Common Stock | 977 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 13,499 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 977 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 Scott Thomas Szwejbka?
Westlake Corp reported that SVP Scott Thomas Szwejbka had 977 restricted stock units vest and convert into 977 common shares, followed by a tax-withholding disposition of 295 common shares related to that vesting event.
What does the RSU transaction for Westlake Corp (WLK) on February 17, 2026 represent?
The February 17, 2026 transaction reflects the exercise and conversion of 977 restricted stock units into 977 shares of Westlake Corp common stock, following a grant originally awarded on February 17, 2023 that vested on the third anniversary.
What is the conversion ratio of Westlake Corp (WLK) restricted stock units to common stock?
Each restricted stock unit converts into one share of Westlake Corp common stock. The Form 4 states that RSUs convert into the issuer's common stock on a one-for-one basis when they vest, as occurred with the 977-unit grant.
When were the restricted stock units for Westlake Corp (WLK) originally granted to Szwejbka?
The 977 restricted stock units were granted to Scott Thomas Szwejbka on February 17, 2023. They vested on the third anniversary of the grant date, triggering their conversion into common shares and the associated tax-withholding share disposition.