Westlake (WLK) CFO exercises 13,164 RSUs; 5,284 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WESTLAKE CORP EVP & CFO Mark Steven Bender reported routine equity compensation activity. On May 12, 2026, he exercised 13,164 restricted stock units (RSUs), which converted into the company’s common stock on a one-for-one basis, reflecting the vesting of RSUs granted on May 12, 2023.
On May 13, 2026, 5,284 common shares otherwise issuable were withheld to cover tax obligations arising from this vesting, a non-market, tax-withholding disposition. After these transactions, he beneficially owns 35,895 common shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
13,164 shares exercised/converted
Mixed
3 txns
Insider
Bender Mark Steven
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,284 | $97.34 | $514K |
| Exercise | Restricted Stock Units | 13,164 | $0.00 | -- |
| Exercise | Common Stock | 13,164 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 35,895 shares (Direct, null);
Restricted Stock Units — 0 shares (Direct, null)
Footnotes (1)
- Restricted stock units ("RSUs") convert into the Issuer's common stock on a one-for-one basis. On May 12, 2023, the reporting person was granted 13,164 RSUs vesting on the third anniversay of the grant date. Shares otherwise issuable were withheld to satisfy tax obligations arising out of the vesting of the reporting persons RSUs.
Key Figures
RSUs exercised: 13,164 units
Shares withheld for tax: 5,284 shares
Shares held after transactions: 35,895 shares
+3 more
6 metrics
RSUs exercised
13,164 units
Restricted stock units converting into common stock on May 12, 2026
Shares withheld for tax
5,284 shares
Common shares withheld to satisfy tax obligations on May 13, 2026
Shares held after transactions
35,895 shares
Direct common stock ownership following reported Form 4 transactions
Tax-withholding price
$97.34 per share
Price per share used for 5,284-share tax-withholding disposition
Exercise transactions
1 transaction, 13,164 shares
Derivative exercise/conversion count and shares from transactionSummary
Tax-withholding transactions
1 transaction, 5,284 shares
Tax withholding count and shares from transactionSummary
Key Terms
Restricted Stock Units, RSUs, tax obligations, derivative security, +1 more
5 terms
Restricted Stock Units financial
"Restricted Stock Units convert into the Issuer's common stock on a one-for-one basis."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"On May 12, 2023, the reporting person was granted 13,164 RSUs vesting on the third anniversay of the grant date."
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
tax obligations financial
"Shares otherwise issuable were withheld to satisfy tax obligations arising out of the vesting of the reporting persons RSUs."
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transactions did WESTLAKE CORP (WLK) report for its CFO?
WESTLAKE CORP’s CFO, Mark Steven Bender, exercised 13,164 restricted stock units into common shares and had 5,284 shares withheld for taxes. These are compensation-related and tax-withholding entries, not open-market buys or sells, leaving him with 35,895 directly held shares.
What are the details of the WESTLAKE CORP (WLK) CFO’s RSU vesting?
The CFO was granted 13,164 restricted stock units on May 12, 2023, vesting on the third anniversary of the grant date. Upon vesting, these RSUs converted one-for-one into common shares, triggering the tax-withholding of 5,284 shares described in the Form 4 footnotes.
Is the tax-withholding in the WESTLAKE CORP (WLK) Form 4 a stock sale?
The 5,284-share disposition is described as shares withheld to satisfy tax obligations from RSU vesting, not an open-market stock sale. Such F-code transactions are administrative and reflect payment of taxes in shares rather than a discretionary trading decision.