Research Summary
AI-generated summary of this SEC filing
Westlake (WLK) VP/CAO Tommy Darby Receives 1,791 RSUs
What Happened Tommy Darby, Vice President and Chief Accounting Officer of Westlake Corp (WLK), was granted 1,791 restricted stock units (RSUs) on August 31, 2026. The Form 4 records this as an award/acquisition (derivative) with an acquisition price of $0 — a compensatory grant rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-08-31 (Form 4 filed 2026-09-01). Filing appears timely (within the typical two-business-day window).
- Security and amount: 1,791 restricted stock units (RSUs); acquisition price reported as $0.
- Shares owned after transaction: not specified in the filing.
- Footnotes:
- F1: Each RSU represents a contingent right to receive one share of Westlake common stock.
- F2: All RSUs will vest on August 31, 2029 (three-year vesting date).
- Transaction type code: A (award/grant). No sale, purchase, or exercise occurred.
Context RSU grants are a form of equity compensation and do not represent an immediate cash purchase or sale. These units convert to actual shares only if and when they vest (here, on 8/31/2029). Such awards are routine for employee compensation and should be viewed as part of pay/retention practices rather than a direct signal of the insider’s short-term market view.