Westlake (WLK) CFO awarded 20,580 RSUs vesting in 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Baksht Jonathan reported acquisition or exercise transactions in this Form 4 filing.
Westlake Corp SVP and CFO Jonathan Baksht reported receiving a grant of 20,580 restricted stock units (RSUs). Each RSU represents a contingent right to receive one share of Westlake common stock, and all of these RSUs are scheduled to vest on June 15, 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Baksht Jonathan
Role
SVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 20,580 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 20,580 shares (Direct, null)
Footnotes (1)
- 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 June 15, 2029.
Key Figures
RSUs granted: 20,580 units
Underlying common shares: 20,580 shares
Grant transaction price: $0.0000 per unit
+3 more
6 metrics
RSUs granted
20,580 units
Restricted stock units awarded to SVP and CFO Jonathan Baksht
Underlying common shares
20,580 shares
Common stock underlying granted RSUs
Grant transaction price
$0.0000 per unit
Reported transaction price for RSU grant
Vesting date
June 15, 2029
All RSUs vest on this date
Holdings after grant
20,580 derivative units
Total RSUs held following the reported transaction
Transaction code
A
Classified as grant, award, or other acquisition
Key Terms
Restricted Stock Units, RSU, contingent right, vest
4 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to recieve one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSU financial
"Each restricted stock unit ("RSU") represents a contingent right to recieve one share"
Restricted stock units (RSUs) are a form of company shares given to employees as part of their compensation, usually with certain restrictions or conditions, such as remaining with the company for a set period. When these restrictions lift, employees receive actual shares that they can sell or hold. For investors, RSUs can impact a company's stock supply and reflect the company's commitment to attracting and retaining talent.
contingent right financial
"represents a contingent right to recieve one share of the Issuer's common stock"
vest financial
"All of the RSUs will vest on June 15, 2029."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did Westlake Corp (WLK) report for Jonathan Baksht?
Westlake Corp reported that SVP and CFO Jonathan Baksht acquired 20,580 restricted stock units. The Form 4 classifies the event as a grant or award acquisition of derivative securities linked to Westlake common stock, with no cash price per unit reported.
How many restricted stock units did the Westlake (WLK) CFO receive?
Jonathan Baksht received 20,580 restricted stock units. These RSUs are derivative securities that correspond to 20,580 underlying shares of Westlake common stock, according to the filing’s underlying security share count and the footnote describing each RSU as a right to one share.
When do Jonathan Baksht’s Westlake (WLK) RSUs vest?
All of Jonathan Baksht’s 20,580 restricted stock units vest on June 15, 2029. The footnotes state that each RSU vests on that single future date, at which point each unit represents a contingent right to receive one share of Westlake common stock.
What does each Westlake (WLK) RSU granted to the CFO represent?
Each restricted stock unit represents a contingent right to receive one share of Westlake common stock. The filing’s footnote explains that every RSU converts into one common share upon vesting, aligning the RSU count and the underlying common stock share count at 20,580.
Was the Westlake (WLK) CFO’s RSU transaction a market purchase or sale?
The RSU transaction was reported as a grant or award acquisition, not a market purchase or sale. The transaction code is A, with a price per unit of $0.0000, indicating an award of derivative securities rather than an open-market trade in Westlake common stock.