Westlake (WLK) insider: 1,128 RSUs converted, 2,168 RSUs awarded
Rhea-AI Filing Summary
Mark A. McCollum, a director of Westlake Corporation (WLK), converted previously granted restricted stock units into common shares and received a new grant of restricted stock units. On 08/09/2025, 1,128 restricted stock units that had been granted on 08/09/2024 vested and converted one-for-one into 1,128 shares of common stock. After that conversion his reported beneficial ownership of common stock was 9,656 shares.
Separately, on 08/08/2025 he was awarded 2,168 restricted stock units that will vest on 08/08/2026 and convert one-for-one into common shares when they vest. The filing identifies him as a director and shows the holdings as direct beneficial ownership.
Positive
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Negative
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Insights
TL;DR: Director converted 1,128 RSUs into shares and received 2,168 new RSUs; reported common stock holding is 9,656 shares.
The Form 4 documents a routine insider compensation and vesting event rather than a market-moving sale or purchase. The key figures are the 1,128 RSUs that vested and converted into common shares on 08/09/2025 and the new grant of 2,168 RSUs awarded on 08/08/2025 that vest on 08/08/2026. There is no cash price reported and no sale transactions disclosed. From an investor-relations perspective this increases insider alignment through equity compensation but does not, standing alone, change control or capital structure materially.
TL;DR: This is a standard director equity award and vesting; it reflects compensation and retention, with no indicated change in control.
The filing shows conversion of previously granted RSUs and issuance of new RSUs with a one-for-one conversion to common stock and a one-year vesting horizon for the new award (vesting on 08/08/2026). The reporting person is identified as a director and the ownership is reported as direct. These items are typical of director compensation programs and, based on the disclosed amounts (1,128 shares vested; 2,168 RSUs granted), do not represent a material transfer of control or a dilution event large enough by themselves to be classified as materially impactful to investors.