Westlake (NYSE: WLK) SVP gets stock options, RSUs and vested shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Westlake Corp SVP Scott Thomas Szwejbka reported several equity compensation transactions. On February 20, 2026, he received an employee stock option grant for 14,595 shares at an exercise price of $0.00 per share and 3,983 restricted stock units, both held directly.
On February 19, 2026, 365 shares of common stock were acquired following the vesting of performance stock units granted on February 17, 2023, after performance criteria were certified. Also on February 20, 2026, 91 shares of common stock were disposed of at $94.10 per share to satisfy tax obligations from the PSU vesting, leaving 13,773 common shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Szwejbka Scott Thomas
Role
SVP, HIP Segment Head
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Option (right to buy) | 14,595 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 3,983 | $0.00 | -- |
| Tax Withholding | Common Stock | 91 | $94.10 | $9K |
| Grant/Award | Common Stock | 365 | $0.00 | -- |
Holdings After Transaction:
Employee Option (right to buy) — 14,595 shares (Direct);
Restricted Stock Units — 3,983 shares (Direct);
Common Stock — 13,773 shares (Direct)
Footnotes (1)
- Represents shares of common stock that vested on February 19, 2026, upon the determination by the Compensation Committee of the Issuer's Board of Directors of the satisfaction of performance criteria underlying an award of performance stock units ("PSUs") granted to the Reporting Person on February 17, 2023, under the terms of the Issuer's 2013 Omnibus Incentive Plan. Shares otherwise issuable were witheld to satisfy tax obligations arising out of vesting of the Reporting Person's PSUs. The stock options are excercisable in three installments of 33%, 33% and 34% on February 20, 2027, 2028 and 2029, respectively. 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 February 20, 2029.
FAQ
What equity awards did Westlake (WLK) SVP Scott Thomas Szwejbka receive?
He received a stock option grant for 14,595 shares and 3,983 restricted stock units. These awards were reported as direct holdings and form part of his long-term equity compensation from Westlake under its omnibus incentive plan.
When do Scott Szwejbka’s Westlake (WLK) stock options and RSUs vest?
The stock options vest in three installments of 33%, 33% and 34% on February 20, 2027, 2028 and 2029. All 3,983 restricted stock units are scheduled to vest on February 20, 2029, according to the reported footnotes.
What does each Westlake (WLK) restricted stock unit represent in this Form 4?
Each restricted stock unit represents a contingent right to receive one share of Westlake’s common stock. The reported 3,983 RSUs therefore correspond to an equal number of potential future common shares, subject to vesting on February 20, 2029.