Holy Jeffrey Adam 4
4 · WESTLAKE CORP · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
Westlake (WLK) VP Jeffrey Holy Receives Awards, Sells 81 Shares
What Happened
Jeffrey Holy, Vice President and Chief Accounting Officer of Westlake Corp (WLK), had 264 performance-based shares vest on Feb 19, 2026 and was granted additional derivative awards on Feb 20, 2026 (totaling 8,133 shares) at no purchase price. To satisfy tax obligations from the PSU vesting, 81 shares were surrendered/withheld on Feb 20 at $94.10 per share, generating approximately $7,622. The grants are awards/derivative awards (not open‑market purchases or discretionary sales).
Key Details
- Transaction dates: Feb 19, 2026 (264 vested PSU shares); Feb 20, 2026 (tax withholding and additional awards).
- Tax withholding/settlement: 81 shares disposed at $94.10 each → ~$7,622 (code F – tax withholding).
- Granted/acquired (derivative awards) on Feb 20, 2026: 4,394; 1,199; and 2,540 shares (total = 8,133) at $0.00 reported.
- Vested shares on Feb 19, 2026: 264 shares (PSUs vested per Compensation Committee determination).
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Filing timeliness: Form 4 was filed Feb 23, 2026 for transactions on Feb 19–20, which falls within the SEC’s two-business‑day reporting window (timely).
Context
- The 81-share disposition was a tax withholding/payment related to PSU vesting (routine, not an open‑market “sell” signal).
- Footnotes note that some awards are stock options exercisable in three installments (Feb 20, 2027/2028/2029) and some are RSUs (each convertible to one share) that vest on Feb 20, 2029.
- These entries reflect compensation-related vesting and new awards rather than a directional bet by the insider via open‑market purchases or sales.
Insider Transaction Report
Form 4
Holy Jeffrey Adam
VP and CAO
Transactions
- Award
Common Stock
[F1]2026-02-19+264→ 5,205 total - Tax Payment
Common Stock
[F2]2026-02-20$94.10/sh−81$7,622→ 5,124 total - Award
Employee Option (right to buy)
[F3]2026-02-20+4,394→ 4,394 totalExercise: $94.48Exp: 2036-02-20→ Common Stock (4,394 underlying) - Award
Restricted Stock Units
[F4][F5]2026-02-20+1,199→ 1,199 total→ Common Stock (1,199 underlying) - Award
Restricted Stock Units
[F4][F5]2026-02-20+2,540→ 2,540 total→ Common Stock (2,540 underlying)
Footnotes (5)
- [F1]Represents shares of common stock that vested on February 19, 2026, upon the determination by the Compensation Committee of the Issuer's Board of Directors of the satisfaction of performance criteria underlying an award of performance stock units ("PSUs") granted to the Reporting Person on February 17, 2023, under the terms of the Issuer's 2013 Omnibus Incentive Plan.
- [F2]Shares otherwise issuable were witheld to satisfy tax obligations arising out of vesting of the Reporting Person's PSUs.
- [F3]The stock options are excercisable in three installments of 33%, 33% and 34% on February 20, 2027, 2028 and 2029, respectively.
- [F4]Each restricted stock unit ("RSU") represents a contingent right to recieve one share of the Issuer's common stock.
- [F5]All of the RSUs will vest on February 20, 2029.
Signature
Jeffrey A. Holy by J. Feng, POA|2026-02-23