Westlake Corp (WLK) CFO exercises options and sells 17,409 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Westlake Corp EVP & CFO Mark Steven Bender reported multiple equity transactions dated February 27, 2026. He exercised two employee stock options for 6,199 and 6,494 shares, converting them into common stock at exercise prices of $65.8125 and $86.5379 per share.
On the same date, he disposed of 12,693 common shares to the issuer at $98.20 per share and completed open-market sales of 16,988 shares at a weighted average price of $100.91 and 421 shares at $101.515 per share. Following these transactions, he directly owned 44,433 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 17,409 shares ($1,756,997)
Net Sell
7 txns
Insider
Bender Mark Steven
Role
EVP & CFO
Sold
17,409 shs ($1.76M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Option (right to buy) | 6,199 | $0.00 | -- |
| Exercise | Employee Option (right to buy) | 6,494 | $0.00 | -- |
| Exercise | Common Stock | 6,199 | $65.8125 | $408K |
| Exercise | Common Stock | 6,494 | $86.5379 | $562K |
| Disposition | Common Stock | 12,693 | $98.20 | $1.25M |
| Sale | Common Stock | 16,988 | $100.91 | $1.71M |
| Sale | Common Stock | 421 | $101.515 | $43K |
Holdings After Transaction:
Employee Option (right to buy) — 0 shares (Direct);
Common Stock — 68,041 shares (Direct)
Footnotes (1)
- Weighted average price. These shares were sold in multiple transactions at prices ranging from $100.38 to $101.36 inclusive. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. The stock options are exercisable in three installments of 33%. 33% and 34% on February 14, 2021, 2022 and 2023, respectively. The stock options are exercisable in three installments of 33%, 33% and 34% on February 19, 2022, 2023 and 2024, respectively.
FAQ
What insider transactions did Westlake Corp (WLK) report for its CFO?
Westlake Corp reported that EVP & CFO Mark Steven Bender exercised stock options and both disposed of shares to the issuer and sold shares in the open market. These transactions combined option exercises with subsequent share sales, changing his directly held common stock balance.
What option exercises did the Westlake (WLK) CFO report on February 27, 2026?
He exercised two employee stock option grants covering 6,199 and 6,494 shares of Westlake common stock. The options were converted at exercise prices of $65.8125 and $86.5379 per share, turning derivative rights into directly held common shares.