Westlake (WLK) Director Northcutt Exercises 2,168 RSUs

What Happened R. Bruce Northcutt, a director of Westlake Corp (WLK), had 2,168 restricted stock units (RSUs) vest and converted them into 2,168 shares on August 8, 2026 (transaction code M — exercise/conversion of derivative). The filing shows an acquisition of 2,168 shares via conversion and a simultaneous reported disposal of 2,168 shares at $0.00. The conversion did not involve a cash purchase price for the shares (RSUs convert one-for-one).

Key Details

• Transaction date: August 8, 2026; Form 4 filed August 10, 2026 (timely).
• Acquired: 2,168 shares via RSU conversion (price N/A per conversion).
• Disposed: 2,168 shares at $0.00 (reported value $0).
• Footnotes: F1 — RSUs convert one-for-one into common stock; F2 — these RSUs were granted Aug 8, 2025 and vested on the first anniversary.
• Shares owned after the transaction: not disclosed in the supplied filing.
• Filing accession: 0001193125-26-342008.

Context

• RSU vesting and conversion (code M) means the derivative right (RSU) became common stock; no cash exercise price was required.
• The reported $0.00 disposal often indicates shares were surrendered to cover tax withholding or similar obligations, though the filing does not explicitly state the reason.
• This is a routine vesting/conversion event rather than an open-market purchase or sale that signals a directional trade.