Patel Bhavesh V. 4
Research Summary
AI-generated summary
Westlake (WLK) Director Bhavesh V. Patel Receives 1,852 RSUs
What Happened
Bhavesh V. Patel, a director of Westlake Corp (WLK), was granted 1,852 restricted stock units (RSUs) on February 20, 2026. The filing reports an acquisition at $0.00 per unit (standard for RSU awards); the units are derivative awards and have a reported total acquisition value of $0 on the Form 4.
Key Details
- Transaction date: 2026-02-20 (Form 4 filed 2026-02-24).
- Transaction type/code: A — Award/Grant of restricted stock units (derivative).
- Units granted: 1,852 RSUs; reported price $0.00 (award/derivative).
- Vesting: All RSUs will vest on February 20, 2027 (per filing footnote).
- What an RSU means: Each RSU represents a contingent right to receive one share of Westlake common stock upon vesting.
- Shares owned after transaction: Not specified in the Form 4 filing.
- Filing timeliness: Filed on 02/24/2026 (the second business day after the 02/20/2026 grant), which meets the Form 4 timing requirement.
Context
RSU grants are a form of compensation and do not represent immediate shares or a market purchase — the recipient only receives shares if and when the units vest. Such awards are routine for executives and directors as part of pay packages; they should be interpreted as compensation disclosures rather than direct market buying or selling.