Westlake Executive Sells $3 Million in Stock After 34% One-Year Decline

On Dec. 22, Albert Chao, the enforcement president of Westlake Corporation (NYSE:WLK), executed an open-market merchantability of 40,836 shares pursuing an enactment exercise, resulting successful nonstop proceeds of astir $3.0 cardinal arsenic disclosed successful an SEC Form 4 filing.

Transaction worth based connected SEC Form 4 weighted mean acquisition terms ($73.57); post-transaction worth based connected Dec. 22 marketplace adjacent ($73.57).

• What is the value of this merchantability compared to anterior enactment by Chao Albert?
  This is the archetypal open-market merchantability by Chao successful much than 3 years, pursuing a bid of administrative transactions.

• What explains the root of the shares sold successful this transaction?
  The 40,836 shares sold were acquired done the workout of 81,673 options astatine a reported terms of $44.42, of which astir fractional were instantly sold, with the remainder expanding nonstop ownership; nary indirect entities oregon trusts were involved.

• What valuation discourse is applicable arsenic of the transaction date?
  Shares were sold astatine a weighted mean terms astir $73.57 per share, with the banal closing astatine $74.39 connected Dec. 22; Westlake shares had declined 34.25% implicit the anterior twelvemonth arsenic of the transaction date.

1-year terms alteration calculated utilizing Dec. 22 arsenic the notation date.

• Westlake produces petrochemicals, polymers, and gathering products, with cardinal gross streams from polyethylene, PVC, chlor-alkali, and housing-related materials.

• The institution operates a vertically integrated model, manufacturing and selling some show materials and finished gathering products globally.

• It serves chemic processors, plastics fabricators, operation contractors, municipalities, and proviso warehouses crossed user and concern markets.

Westlake Corporation is simply a starring planetary shaper successful the specialty chemicals sector, operating astatine standard with 15,540 employees and a divers portfolio spanning show materials and gathering products. The institution leverages vertical integration and wide end-market vulnerability to thrust operational ratio and marketplace resilience. Strategic absorption connected indispensable materials and infrastructure products positions Westlake to service a wide scope of industries, including construction, packaging, automotive, and healthcare.