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
- None.
Negative
- None.
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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,128 | $0.00 | -- |
| Exercise | Common Stock | 1,128 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 2,168 | $0.00 | -- |
Footnotes (1)
- Restricted stock units convert into the Issuer's common stock on a one-for-one basis. All of the restricted stock units will vest on August 8, 2026. On August 9, 2024 the reporting person was granted 1,128 restricted stock units vesting on the first anniversary of the grant date.