Form 4: Westlake Chemical Partners LP Director Acquires Phantom Units
SEC Form 4
Director Randy Woelfel acquired 4,882 phantom units of Westlake Chemical Partners LP on August 7, 2024, convertible to common units.
Summary
- On August 7, 2024, Randy Woelfel, a director of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP, acquired 4,882 phantom units.
- These phantom units are the economic equivalent of common units of the issuer, Westlake Chemical Partners LP.
- The phantom units become exercisable between August 7, 2025 and September 7, 2025.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a director's acquisition of phantom units, which is a neutral event.
Industry Context
Form 4 filings are standard disclosures for corporate insiders, providing transparency into their transactions and holdings in the company's securities.
Stakeholder Impact
- The acquisition of phantom units by a director may signal confidence in the company's future performance to shareholders.
Key Dates
| Date | Description |
|---|---|
| 08/07/2024 | Date of transaction: Randy Woelfel acquired 4,882 phantom units. |
| 08/07/2025 | Phantom units become exercisable. |
| 09/07/2025 | Phantom units become exercisable. |
| 08/08/2024 | Date of signature. |
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