Westlake VP reports RSU vesting and tax shares
Westlake Corp vice president and chief accounting officer Jeffrey Adam Holy reported routine equity award activity.
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Rhea-AI Filing Summary
Westlake Corp vice president and chief accounting officer Jeffrey Adam Holy reported routine equity award activity. On February 17, 706 restricted stock units granted in 2023 vested and converted into 706 shares of common stock on a one-for-one basis, increasing his direct holdings. On February 18, 213 of those shares, valued at $98.95 per share, were withheld to cover tax obligations arising from the RSU vesting, leaving him with 4,941 shares of common stock held directly.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 213 | $98.95 | $21K |
| Exercise | Restricted Stock Units | 706 | $0.00 | $0.00 |
| Exercise | Common Stock | 706 | $0.00 | $0.00 |
Footnotes (3)
- F1. Restricted stock units ("RSUs") convert into the Issuer's common stock on a one-for-one basis.
- F2. On February 17, 2023, the reporting person was granted 706 RSUs vesting on the third anniversay of the grant date.
- F3. Shares otherwise issuable were withheld to satisfy tax obligations arising out of the vesting of the reporting persons RSUs.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Westlake Corp (WLK) report for Jeffrey Adam Holy?
Were the Westlake (WLK) insider transactions open-market buys or sells?
What do the vested RSUs mean in the Westlake (WLK) Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.