Form 4: Westlake Chemical Partners LP: Director Finley Acquires Phantom Units
SEC Form 4
Director G. Stephen Finley acquired 4,882 phantom units of Westlake Chemical Partners LP on August 7, 2024, convertible to common units.
Summary
- On August 7, 2024, G. Stephen Finley, a director of Westlake Chemical Partners LP, acquired 4,882 phantom units.
- These phantom units are the economic equivalent of common units of the issuer.
- The phantom units become exercisable on August 7, 2025, and expire on September 7, 2025.
- The transaction was reported on August 8, 2024.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing the acquisition of phantom units by a director, which is neutral in sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to investors regarding the holdings and transactions of company insiders.
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: Acquisition of phantom units |
| 08/07/2025 | Phantom Units exercisable date |
| 09/07/2025 | Phantom Units expiration date |
| 08/08/2024 | Date of Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.