Westlake Corp (WLK) director exercises 2,168 RSUs into common stock holdings
Rhea-AI Filing Summary
Westlake Corp director R. Bruce Northcutt reported an option-style event involving restricted stock units. On August 8, 2026, 2,168 restricted stock units were exercised and converted on a one-for-one basis into 2,168 shares of common stock. Following the conversion, Northcutt directly holds 23,351 shares of Westlake common stock. The units had been granted on August 8, 2025 and vested on the first anniversary of the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,168 shares
Net Buy
2 txns
Insider
NORTHCUTT R BRUCE
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 2,168 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 2,168 | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 2,168 shares (Direct);
Common Stock — 23,351 shares (Direct)
Footnotes (2)
- F1. Restricted stock units convert into the Issuer's common stock on a one-for-one basis.
- F2. On August 8, 2025 the reporting person was granted 2,168 restricted stock units vesting on the first anniversary of the grant date.
Key Figures
RSUs exercised: 2,168 units
Common shares acquired via conversion: 2,168 shares
Shares held after transaction: 23,351 shares
3 metrics
RSUs exercised
2,168 units
Restricted stock units converted into common stock on August 8, 2026
Common shares acquired via conversion
2,168 shares
Shares of Westlake common stock received from RSU conversion
Shares held after transaction
23,351 shares
Direct Westlake common stock holdings following reported Form 4 events
Key Terms
Restricted Stock Units, derivative security, Exercise or conversion of derivative security
3 terms
Restricted Stock Units financial
"Restricted stock units convert into the Issuer's common stock on a one-for-one basis."
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.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did WESTLAKE CORP (WLK) director R. Bruce Northcutt report?
R. Bruce Northcutt reported exercising 2,168 restricted stock units that converted into 2,168 shares of Westlake common stock on August 8, 2026, reflecting a vesting-related equity award rather than an open-market purchase or sale.
What happened to the 2,168 restricted stock units reported for WESTLAKE CORP (WLK)?
The 2,168 restricted stock units were exercised and converted into 2,168 shares of Westlake common stock on a one-for-one basis, as disclosed in the footnotes explaining the RSU conversion mechanics.
When were the restricted stock units for WESTLAKE CORP (WLK) originally granted to Northcutt?
The filing states that on August 8, 2025, R. Bruce Northcutt was granted 2,168 restricted stock units, which were scheduled to vest on the first anniversary of the grant date before converting into common shares.
Was the WESTLAKE CORP (WLK) insider transaction under a Rule 10b5-1 plan?
The document-level checkbox for Rule 10b5-1 trading plans is marked false, indicating these transactions were not affirmatively reported as being executed pursuant to a pre-arranged 10b5-1 trading plan.