FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 03/01/2022 |
3. Issuer Name and Ticker or Trading Symbol
WESTLAKE CORP [ WLK ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
Common Stock | 6,766 | D |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Restricted Stock Units | (2) | (2) | Common Stock | 1,538 | (1) | D | |
Restricted Stock Units | (3) | (3) | Common Stock | 3,039 | (1) | D | |
Restricted Stock Units | (4) | (4) | Common Stock | 1,170 | (1) | D | |
Restricted Stock Units | (5) | (5) | Common Stock | 1,313 | (1) | D | |
Employee Option (right to buy) | (6) | 02/16/2028 | Common Stock | 2,485 | $107.75 | D | |
Employee Option (right to buy) | (7) | 02/15/2029 | Common Stock | 4,337 | $79.83 | D | |
Employee Option (right to buy) | (8) | 02/14/2030 | Common Stock | 6,507 | $65.8125 | D | |
Employee Option (right to buy) | (9) | 02/19/2031 | Common Stock | 4,020 | $86.5379 | D | |
Employee Option (right to buy) | (10) | 02/18/2032 | Common Stock | 4,152 | $108.1175 | D |
Explanation of Responses: |
1. Each restricted stock unit ("RSU") represents the right to receive one share of common stock upon vesting. |
2. The RSUs were granted February 14, 2020 and vest on the third anniversary of the grant date. |
3. The RSUs were granted February 14, 2020 and vest on the fifth anniversary of the grant date. |
4. The RSUs were granted February 19, 2021 and vest on the third anniversary of the grant date. |
5. The RSUs were granted February 18, 2022 and vest on the third anniversary of the grant date. |
6. These Stock Options were granted February 16, 2018 and are exercisable by the Reporting Person. |
7. These Stock Options were granted February 15, 2019 and are exercisable by the Reporting Person. |
8. These Stock Options were granted February 14, 2020. 66% of the 6,507 Stock Options granted have vested and are excercisable; the remaining 34% will vest on February 14, 2023. |
9. These Stock Options were granted February 19, 2021. 33% of the 4,020 Stock Options granted have vested and are excercisable; the remaining Stock Options will vest at 33% on February 19, 2023 and at 34% on February 19, 2024. |
10. These Stock Options were granted February 18, 2022 and are excercisable in three installments of 33%, 33% and 34% on February 18, 2023, 2024 and 2025, respectively. |
Thomas J. Janssens by J. Feng POA | 03/02/2022 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |