Westlake Corp (WLK) director settles 2,168 RSUs, lifts holding to 14,927 shares
Rhea-AI Filing Summary
Westlake Corp director Jeffrey Wayne Sheets reported the vesting and conversion of 2,168 Restricted Stock Units into an equal number of shares of common stock on August 8, 2026. The RSUs, granted on August 8, 2025 and vesting on the first anniversary of the grant date, converted on a one-for-one basis into common shares. Following the transaction, Sheets directly owned 14,927 shares of Westlake common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,168 shares
Net Buy
2 txns
Insider
Sheets Jeffrey Wayne
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 — 14,927 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 acquired via conversion: 2,168 shares
Shares held after transaction: 14,927 shares
+1 more
4 metrics
RSUs converted
2,168 Restricted Stock Units
Restricted Stock Units converted into common stock on August 8, 2026
Common shares acquired via conversion
2,168 shares
Common stock received upon RSU conversion on August 8, 2026
Shares held after transaction
14,927 shares
Direct ownership of Westlake common stock following the reported transactions
RSU grant date
August 8, 2025
Date 2,168 Restricted Stock Units were granted, vesting after one year
Key Terms
Restricted Stock Units, derivative security, one-for-one basis, vests on the first anniversary of the grant date
4 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.
one-for-one basis financial
"Restricted stock units convert into the Issuer's common stock on a one-for-one basis."
vests on the first anniversary of the grant date financial
"restricted stock units vesting on the first anniversary of the grant date."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Westlake Corp (WLK) director Jeffrey Wayne Sheets report in this Form 4?
Jeffrey Wayne Sheets reported the vesting and conversion of 2,168 Restricted Stock Units into 2,168 shares of common stock on August 8, 2026, reflecting an equity award settlement rather than an open-market trade.
What is the conversion ratio of the Restricted Stock Units in the Westlake Corp (WLK) filing?
The Restricted Stock Units convert into Westlake Corp’s common stock on a one-for-one basis, meaning each of the 2,168 RSUs produced one share of common stock upon vesting and conversion.
When were the Restricted Stock Units in this Westlake Corp (WLK) Form 4 originally granted?
The reporting person was granted 2,168 Restricted Stock Units on August 8, 2025, vesting on the first anniversary of the grant date, which led to the August 8, 2026 conversion into common stock.