WLK Form 4: Senior Chairman James Chao reports 15,140-share gift
Rhea-AI Filing Summary
James Chao, Senior Chairman and Director of Westlake Corp (WLK), reported an insider disposition on Form 4. The filing shows a gift (Code G) of 15,140 shares on 08/28/2025 at a reported price of $0, leaving Mr. Chao with 39,741 shares beneficially owned after the transaction.
The Form 4 was signed by a power of attorney on 08/29/2025. No derivative transactions or additional details are reported.
Positive
- None.
Negative
- Insider disposition: James Chao disposed of 15,140 shares of Westlake (Code G), reducing his direct holdings to 39,741 shares.
Insights
TL;DR: Insider reported a non-sale disposition (gift) of 15,140 Westlake shares, reducing direct holdings to 39,741 shares.
The filing documents a Code G transaction, which is a gift rather than a market sale, and thus does not directly signal cashing out or market pressure. As Senior Chairman and a director, the change in direct holdings is material for disclosure but appears to be a routine ownership change. The timely filing and clear ownership balance are consistent with standard Section 16 reporting practices.
TL;DR: Reported disposal of 15,140 shares via gift leaves 39,741 shares held; no options or derivatives disclosed.
The Form 4 shows only a non-derivative disposal coded as G with no cash consideration (price $0). There are no accompanying derivative positions or other transactions listed. For investors, the transaction documents an ownership reduction by a named insider but provides no information on motives, valuation events, or impact on company fundamentals.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 15,140 | $0.00 | $0.00 |
FAQ
What did the Form 4 for Westlake (WLK) report?
Was the 08/28/2025 transaction a sale for cash?
Does the Form 4 show any derivative transactions for WLK?
Who signed the Form 4 on behalf of the reporting person?
What is James Chao's relationship to Westlake?
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