Westlake Corp (WLK) director Michael J. Graff converts 2,168 RSUs to common shares
Rhea-AI Filing Summary
Westlake Corp director Michael J. Graff reported an automatic conversion of 2,168 restricted stock units into common stock on August 8, 2026. The restricted stock units converted into common shares on a one-for-one basis, stemming from a grant made on August 8, 2025 that vested on its first anniversary. Following the conversion, Graff directly held 23,310 shares of Westlake common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,168 shares
Net Buy
2 txns
Insider
Graff Michael J
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 — 23,310 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 converted: 2,168 restricted stock units
Common shares issued: 2,168 shares
Post-transaction holdings: 23,310 shares
+2 more
5 metrics
RSUs converted
2,168 restricted stock units
Restricted stock units converted into common stock on August 8, 2026
Common shares issued
2,168 shares
Common stock received upon one-for-one RSU conversion
Post-transaction holdings
23,310 shares
Directly held Westlake Corp common stock after the transaction
RSU grant date
August 8, 2025
Date 2,168 restricted stock units were granted to the reporting person
Vesting period
First anniversary of grant date
RSUs vested on the first anniversary of the August 8, 2025 grant
Key Terms
Restricted Stock Units, derivative security, vesting
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.
vesting financial
"restricted stock units vesting on the first anniversary of the grant date"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Westlake Corp (WLK) director Michael J. Graff report?
Michael J. Graff reported the conversion of 2,168 restricted stock units into Westlake Corp common stock on August 8, 2026, increasing his directly held common shares to 23,310.
What derivative security did Michael J. Graff convert in this Westlake Corp (WLK) Form 4?
Graff converted 2,168 Restricted Stock Units, which according to a footnote convert into Westlake Corp common stock on a one-for-one basis, resulting in the issuance of 2,168 common shares.
When were the Westlake Corp (WLK) restricted stock units granted to Michael J. Graff?
The footnotes state that Graff was granted 2,168 restricted stock units on August 8, 2025, with the units vesting on the first anniversary of the grant date, leading to the August 8, 2026 conversion.
Was Michael J. Graff’s Westlake Corp (WLK) transaction under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as an affirmed trading plan, and there is no footnote indicating a pre-arranged Rule 10b5-1 trading arrangement for this restricted stock unit conversion.