Director Bhavesh V. Patel awarded 1,852 RSUs at Westlake Corp (WLK)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Patel Bhavesh V. reported acquisition or exercise transactions in this Form 4 filing.
Westlake Corp director Bhavesh V. Patel received a grant of 1,852 restricted stock units. These units were awarded at a price of $0.00 per unit and each unit represents the right to receive one share of Westlake common stock. All 1,852 restricted stock units will vest on February 20, 2027, meaning the shares are delivered only if the vesting conditions are met. After this award, Patel directly holds 1,852 restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Patel Bhavesh V.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,852 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 1,852 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock All of the restricted stock units will vest on February 20, 2027.
FAQ
What did Westlake Corp (WLK) director Bhavesh V. Patel report on this Form 4?
Bhavesh V. Patel reported receiving a grant of 1,852 restricted stock units from Westlake Corp. These units are a form of equity compensation and each unit represents a right to receive one share of common stock if vesting conditions are satisfied.
How many Westlake Corp (WLK) restricted stock units were granted to Bhavesh V. Patel?
Patel was granted 1,852 restricted stock units of Westlake Corp. This entire amount is shown as acquired in a single transaction and results in Patel directly holding 1,852 restricted stock units after the grant, according to the Form 4 disclosure.
When do Bhavesh V. Patel’s Westlake Corp (WLK) restricted stock units vest?
All of Patel’s 1,852 restricted stock units will vest on February 20, 2027. Vesting means the units convert into shares of common stock on that date, assuming any applicable service or other vesting conditions are met as specified in the award terms.
What does each Westlake Corp (WLK) restricted stock unit granted to Bhavesh V. Patel represent?
Each restricted stock unit represents a contingent right to receive one share of Westlake Corp common stock. The right becomes effective upon vesting, so Patel will receive one share for each unit that vests on the stated vesting date in the future.
How many Westlake Corp (WLK) restricted stock units does Bhavesh V. Patel own after this transaction?
After this award, Patel directly owns 1,852 restricted stock units of Westlake Corp. The Form 4 lists this figure as the total number of derivative securities beneficially owned following the reported transaction, all in the form of restricted stock units.