Westlake (WLK) Director Roger A. Cregg Receives RSUs; Shares Withheld

What Happened
Roger A. Cregg, a director of Westlake Corp (WLK), had 2,168 restricted stock units (RSUs) convert into 2,168 shares on August 8, 2026. The filing shows those 2,168 shares were immediately disposed of at $0.00, indicating they were surrendered to the issuer to satisfy tax withholding or similar obligations. No cash proceeds were reported; the conversion/exercise is recorded under derivative transaction code M.

Key Details

• Transaction date: August 8, 2026; Form 4 filed August 10, 2026 (timely filing).
• Shares converted/acquired: 2,168 RSUs → 2,168 common shares (reported as acquired).
• Shares disposed: 2,168 shares disposed at $0.00 (no cash proceeds reported). Net change in shares held: 0 (conversion followed by full withholding).
• Footnotes: F1 — RSUs convert one-for-one to common stock. F2 — These RSUs were granted Aug 8, 2025 and vested on the first anniversary (Aug 8, 2026).
• Transaction codes: M indicates exercise/conversion of a derivative (here, RSU conversion). The $0.00 disposal typically reflects share surrender for tax withholding, not a market sale.
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context
RSU vesting and share withholding for taxes are routine compensation events and do not necessarily signal an insider view on the company’s stock price. For retail investors, purchases or open-market sales typically carry more interpretive weight than routine conversions/withholdings tied to compensation.