Westlake (NYSE: WLK) CFO sells 16,413 shares in open-market trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Westlake Corp EVP & CFO Mark Steven Bender reported an open-market sale of 16,413 shares of Westlake common stock on March 27, 2026. The shares were sold at a weighted average price of $112.535, with individual trade prices ranging from $112.33 to $112.99. After this transaction, he directly holds 28,015 shares of Westlake common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 16,413 shares ($1,847,037)
Net Sell
1 txn
Insider
Bender Mark Steven
Role
EVP & CFO
Sold
16,413 shs ($1.85M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 16,413 | $112.535 | $1.85M |
Holdings After Transaction:
Common Stock — 28,015 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 16,413 shares
Weighted average sale price: $112.535 per share
Price range of trades: $112.33–$112.99 per share
+1 more
4 metrics
Shares sold
16,413 shares
Open-market sale on March 27, 2026
Weighted average sale price
$112.535 per share
Common stock sale on March 27, 2026
Price range of trades
$112.33–$112.99 per share
Range of individual sale transactions
Shares held after transaction
28,015 shares
Direct ownership following the sale
Key Terms
open-market sale, weighted average price, Common Stock, Form 4
4 terms
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
weighted average price financial
"Weighted average price. These shares were sold in multiple transactions"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"This insider transaction was reported on Form 4"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Westlake (WLK) disclose for Mark Steven Bender?
Westlake reported that EVP & CFO Mark Steven Bender sold 16,413 shares of common stock in an open-market transaction. The sale was reported on Form 4 and reflects a routine insider disposition rather than a new share issuance by the company.