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WESTLAKE CORP — Director's Dealing 2022
Mar 15, 2022
30551_dirs_2022-03-15_c45103e8-cbdc-4f84-b8cb-11bf8d96fe98.zip
Director's Dealing
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SEC Form 3/A — Form 3/A
Issuer: WESTLAKE CORP (WLK)
CIK: 0001262823
Period of Report: 2022-03-01
Reporting Person: Janssens Thomas J. (SVP, Operations-PEM & Corp Log)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 6765 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Restricted Stock Units | $ | Common Stock (1538) | Direct | ||
| Restricted Stock Units | $ | Common Stock (3039) | Direct | ||
| Restricted Stock Units | $ | Common Stock (1170) | Direct | ||
| Restricted Stock Units | $ | Common Stock (1313) | Direct | ||
| Employee Option (right to buy) | $107.75 | 2028-02-16 | Common Stock (2485) | Direct | |
| Employee Option (right to buy) | $79.83 | 2029-02-15 | Common Stock (4337) | Direct | |
| Employee Option (right to buy) | $65.8125 | 2030-02-14 | Common Stock (6507) | Direct | |
| Employee Option (right to buy) | $86.5379 | 2031-02-19 | Common Stock (4020) | Direct | |
| Employee Option (right to buy) | $108.1175 | 2032-02-18 | Common Stock (4152) | Direct |
Footnotes
F1: Due to a rounding error, discovered on March 15, 2022, the original Form 3 filed on behalf of the Reporting Person on March 2, 2022 (the 'Original Form 3') reported beneficial ownership of 6,766 shares of common stock. This Form 3/A amends that filing to reflect the correct amount of 6,765 shares of common stock. Beneficial Ownership in Table II of the Original Form 3 remains the same, other than conforming changes in footnote numbering.
F2: Each restricted stock unit ("RSU") represents the right to receive one share of common stock upon vesting.
F3: The RSUs were granted February 14, 2020 and vest on the third anniversary of the grant date.
F4: The RSUs were granted February 14, 2020 and vest on the fifth anniversary of the grant date.
F5: The RSUs were granted February 19, 2021 and vest on the third anniversary of the grant date.
F6: The RSUs were granted February 18, 2022 and vest on the third anniversary of the grant date.
F7: These Stock Options were granted February 16, 2018 and are exercisable by the Reporting Person.
F8: These Stock Options were granted February 15, 2019 and are exercisable by the Reporting Person.
F9: These Stock Options were granted February 14, 2020. 66% of the 6,507 Stock Options granted have vested and are excercisable; the remaining 34% will vest on February 14, 2023.
F10: These Stock Options were granted February 19, 2021. 33% of the 4,020 Stock Options granted have vested and are excercisable; the remaining Stock Options will vest at 33% on February 19, 2023 and at 34% on February 19, 2024.
F11: These Stock Options were granted February 18, 2022 and are excercisable in three installments of 33%, 33% and 34% on February 18, 2023, 2024 and 2025, respectively.