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WESTLAKE CORP — Director's Dealing 2023
Feb 16, 2023
30551_dirs_2023-02-16_305aa0a6-f6e1-44e0-bc14-098792f6e1b3.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: WESTLAKE CORP (WLK)
CIK: 0001262823
Period of Report: 2023-02-14
Reporting Person: Chao Albert (Director, President & CEO, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-02-14 | Common Stock | M | 26048 | — | Acquired | 499031 | Direct |
| 2023-02-15 | Common Stock | F | 9032 | $121.86 | Disposed | 489999 | Direct |
| 2023-02-15 | Common Stock | F | 127 | $122.57 | Disposed | 489872 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-02-14 | Restricted Stock Units | $ | M | 26048 | Disposed | Common Stock (26048) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 93405554 | Indirect |
Footnotes
F1: Restricted stock units convert into Issuer's shares of common stock on a one-for-one basis.
F2: Shares otherwise issuable were withheld to satisfy tax obligations arising out of vesting of the Reporting Person's restricted stock units.
F3: On February 14, 2020, the reporting person was granted 26,048 restricted stock units vesting on the third anniversary of the grant date.
F4: 93,405,554 shares of Issuer are held through TTWF LP, a Delaware limited partnership, and TTWF GP LLC, a Delaware limited liability company and the general partner of TTWF LP. Two trusts for the benefit of members of the Chao family, including the reporting person, are the managers of TTWFGP LLC. The limited partners of TTWF LP are five trusts, principally for the benefit of members of the Chao family, including the reporting person, and two corporations owned, indirectly or directly, by certain of these trusts and by other entities owned by members of the Chao family, including the reporting person. The reporting person shares investment and voting power with respect to the shares beneficially owned by TTWF LP and TTWFGP LLC. The reporting person disclaims beneficial ownership of the shares except to the extent of his pecuniary interest therein.