Holy Jeffrey Adam 4

What Happened

• Jeffrey A. Holy, Vice President and Chief Accounting Officer of Westlake Corp (WLK), had 706 restricted stock units (RSUs) convert into common shares on Feb 17, 2026. The RSUs converted one-for-one into 706 shares at no exercise price.
• To satisfy tax withholding on the vesting, 213 of those shares were withheld/disposed at $98.95 per share for a tax payment of about $21,076. That leaves a net increase of 493 shares retained by the reporting person. The RSUs were originally granted on Feb 17, 2023 and vested on the third anniversary.

Key Details

• Transaction dates: conversion/vesting on 2026-02-17; tax-withholding disposition reported 2026-02-18; Form 4 filed 2026-02-19.
• Prices reported: tax-withheld shares valued at $98.95 each (213 shares → $21,076).
• Net effect: +493 shares retained (706 vested − 213 withheld). The filing does not state total shares owned after the transaction.
• Footnotes: F1 = RSUs convert 1-for-1 into common stock; F2 = grant dated 2/17/2023 with 3-year vesting; F3 = shares were withheld to satisfy tax obligations on vesting.
• Timeliness: Filing date is 2026-02-19 for transactions on 2026-02-17/18; the filing shows no indication of a late report.

Context

• This was an RSU vesting event (conversion of restricted stock units), not an open-market purchase or sale. The withholding of shares for taxes is a routine administrative step and is common when equity awards vest — it does not necessarily indicate a change in insider sentiment.
• For investors, award vesting increases insider ownership when shares are retained; here the insider kept 493 shares after withholding.