Form 4: Westlake Chemical Partners LP Director Acquires Phantom Units
SEC Form 4
Lisa A. Friel, a director of Westlake Chemical Partners GP LLC, acquired 4,882 phantom units of Westlake Chemical Partners LP on August 7, 2024.
Summary
- On August 7, 2024, Lisa A. Friel, a director of Westlake Chemical Partners GP LLC, acquired 4,882 phantom units of Westlake Chemical Partners LP.
- The phantom units are the economic equivalent of common units of the issuer.
- The phantom units vest on August 7, 2025, and expire on September 7, 2025.
- Following the transaction, Ms. Friel beneficially owns 4,882 common units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it is a standard disclosure of a transaction. It doesn't inherently indicate positive or negative sentiment.
Positives
- The acquisition of phantom units by a director may indicate confidence in the company's future performance.
Industry Context
This filing is a routine disclosure of a transaction by a company insider and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The acquisition of phantom units by a director could be viewed positively by shareholders as it aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 08/07/2024 | Date of transaction: Acquisition of 4,882 phantom units. |
| 08/07/2025 | Date the phantom units become exercisable. |
| 09/07/2025 | Expiration date of the phantom units. |
| 08/08/2024 | Date of signature on the Form 4 filing. |
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