Chao Albert 4
4 · WESTLAKE CORP · Filed Feb 21, 2024
Insider Transaction Report
Form 4
Chao Albert
DirectorExecutive Chairman
Transactions
- Tax Payment
Common Stock
2024-02-20$135.43/sh−12$1,625→ 557,123 total - Exercise/Conversion
Restricted Stock Units
2024-02-19−19,810→ 0 total→ Common Stock (19,810 underlying) - Exercise/Conversion
Common Stock
2024-02-19+19,810→ 579,696 total - Tax Payment
Common Stock
2024-02-20$129.92/sh−22,561$2,931,125→ 557,135 total - Tax Payment
Common Stock
2024-02-20$137.37/sh−2,207$303,173→ 554,916 total - Award
Common Stock
2024-02-16+39,738→ 559,886 total
Footnotes (5)
- [F1]Represents shares of common stock that vested on February 16, 2024 upon the approval of the Issuer's Board of Directors ("BOD"), and the determination by the Compensation Committee of the BOD, of the satisfaction of performance criteria underlying an award of performance stock units ("PSUs") granted to the Reporting Person on February 19, 2021 under the terms of the Issuer's 2013 Omnibus Incentive Plan.
- [F2]Restricted stock units ("RSUs") convert into the Issuer's common stock on a one-for-one basis.
- [F3]Shares otherwise issuable were withheld to satisfy tax obligations arising out of the vesting of the reporting persons RSUs and PSUs.
- [F4]Weighted average price. These shares were sold in multiple transactions ranging from $137.33 to $137.44, inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth above.
- [F5]On February 19, 2021, the reporting person was granted 19,810 RSUs vesting on the third anniversay of the grant date.