Holy Jeffrey Adam 4

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.