Albert Chao net worth and biography

Albert Chao Biography and Net Worth

CEO of Westlake
Mr. Chao has been our President since May 1996 and a director since June 2003. Mr. Chao became our Chief Executive Officer in July 2004. Mr. Chao has over 40 years of global experience in the chemical industry. In 1985, Mr. Chao assisted his father T.T. Chao and his brother James Chao in founding Westlake Chemical Corporation, where he served as Executive Vice President until he succeeded James Chao as President. In addition, Mr. Chao has been the President, Chief Executive Officer and a director of Westlake Partners' general partner since its formation in March 2014. He has held positions in the Controller's Group of Mobil Oil Corporation, in the Technical Department of Hercules Incorporated, in the Plastics Group of Gulf Oil Corporation and has served as Assistant to the Chairman of China General Plastics Group and Deputy Managing Director of a plastics fabrication business in Singapore. He is the brother of James Y. Chao and Dorothy C. Jenkins, father of John T. Chao and uncle of David T. Chao. Mr. Chao is a trustee emeritus of Rice University. Mr. Chao received a bachelor's degree from Brandeis University and an M.B.A. from Columbia University.

What is Albert Chao's net worth?

The estimated net worth of Albert Chao is at least $39.23 million as of May 19th, 2022. Mr. Chao owns 472,983 shares of Westlake stock worth more than $39,233,940 as of September 25th. This net worth estimate does not reflect any other assets that Mr. Chao may own. Additionally, Mr. Chao receives an annual salary of $4,740,000.00 as CEO at Westlake. Learn More about Albert Chao's net worth.

How old is Albert Chao?

Mr. Chao is currently 72 years old. There are 5 older executives and no younger executives at Westlake. Learn More on Albert Chao's age.

What is Albert Chao's salary?

As the CEO of Westlake Co., Mr. Chao earned a total compensation package of $9,892,721.00 in 2021. Mr. Chao earned a salary of $1,162,577.00, stock awards of $3,433,737.00, options awards of $1,714,275.00, non-equity compensation of $3,375,489.00, and other compensation of $206,641.00. Learn More on Albert Chao's salary.

How do I contact Albert Chao?

The corporate mailing address for Mr. Chao and other Westlake executives is 2801 POST OAK BLVD SUITE 600, HOUSTON TX, 77056. Westlake can also be reached via phone at (713) 960-9111 and via email at [email protected] Learn More on Albert Chao's contact information.

Has Albert Chao been buying or selling shares of Westlake?

Albert Chao has not been actively trading shares of Westlake over the course of the past ninety days. Most recently, Albert Chao sold 37,876 shares of the business's stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $130.38, for a transaction totalling $4,938,272.88. Following the completion of the sale, the chief executive officer now directly owns 472,983 shares of the company's stock, valued at $61,667,523.54. Learn More on Albert Chao's trading history.

Who are Westlake's active insiders?

Westlake's insider roster includes Mark Bender (CFO), Robert Buesinger (EVP), Albert Chao (CEO), L. Ederington (CAO), Roger Kearns (COO), Andrew Kenner (SVP), Lawrence Teel (CEO), and Johnathan Zoeller (CAO). Learn More on Westlake's active insiders.

Are insiders buying or selling shares of Westlake?

In the last twelve months, insiders at the specialty chemicals company sold shares 16 times. They sold a total of 152,035 shares worth more than $18,241,785.38. The most recent insider tranaction occured on August, 26th when CAO Johnathan Stevan Zoeller sold 542 shares worth more than $58,037.36. Insiders at Westlake own 73.7 % of the company. Learn More about insider trades at Westlake.

Information on this page was last updated on 8/26/2022.

Albert Chao Insider Trading History at Westlake

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
5/19/2022Sell37,876$130.38$4,938,272.88472,983View SEC Filing Icon  
12/1/2021Sell30,787$91.75$2,824,707.25View SEC Filing Icon  
8/11/2021Buy3,000$86.21$258,630.00441,939View SEC Filing Icon  
11/6/2020Sell55,148$72.99$4,025,252.52482,804View SEC Filing Icon  
2/21/2020Sell51,592$62.42$3,220,372.64421,448View SEC Filing Icon  
11/15/2018Sell24,509$71.20$1,745,040.80337,013View SEC Filing Icon  
11/13/2018Sell40,000$73.47$2,938,800.00321,374View SEC Filing Icon  
11/29/2017Sell16,844$95.25$1,604,391.00299,018View SEC Filing Icon  
11/27/2017Sell25,000$93.96$2,349,000.00299,018View SEC Filing Icon  
11/24/2017Sell45,000$94.76$4,264,200.00299,018View SEC Filing Icon  
11/21/2017Sell25,000$94.34$2,358,500.00299,018View SEC Filing Icon  
11/17/2016Sell20,000$54.15$1,083,000.00264,702View SEC Filing Icon  
11/15/2016Sell20,000$52.95$1,059,000.00264,702View SEC Filing Icon  
11/23/2012Sell20,000$76.16$1,523,200.00View SEC Filing Icon  
See Full Table

Albert Chao Buying and Selling Activity at Westlake

This chart shows Albert Chao's buying and selling at Westlake by year and by quarter.

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Westlake Company Overview

Westlake logo
Westlake Corporation manufactures and supplies petrochemicals, polymers, and building products worldwide. It operates through two segments, Performance and Essential Materials; and Housing and Infrastructure Products. The Performance and Essential Materials segment manufactures and markets polyethylene, styrene monomer, ethylene co-products, PVC, VCM, ethylene dichloride chlor-alkali, and chlorinated derivative products. The Housing and Infrastructure Products segment manufactures and sells residential PVC siding; PVC trim and moldings; roofing applications; decorative stone; windows; PVC decking; PVC films for various inflatables, wallcovering, tape, and roofing applications; polymer composite roof tiles; PVC pipe and fittings; PVC compounds; and various consumer and commercial products such as landscape edging; industrial, home and office matting; marine dock edging; and masonry joint controls. The company offers its products to a range of customers, including chemical processors, plastics fabricators, small construction contractors, municipalities, and supply warehouses for use in various consumer and industrial markets, including residential construction, flexible and rigid packaging, automotive products, healthcare products, water treatment, and coatings, as well as other durable and non-durable goods. The company was formerly known as Westlake Chemical Corporation and changed its name to Westlake Corporation in February 2022. The company was founded in 1986 and is headquartered in Houston, Texas. Westlake Corporation is a subsidiary of TTWF LP.
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Today's Range

Now: $82.95
Low: $81.29
High: $83.85

50 Day Range

MA: $97.18
Low: $82.95
High: $110.02

2 Week Range

Now: $82.95
Low: $81.29
High: $141.19

Volume

844,700 shs

Average Volume

759,803 shs

Market Capitalization

$10.64 billion

P/E Ratio

3.75

Dividend Yield

1.72%

Beta

1.21
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