Form 4: Westlake Chemical Partners LP Director Lisa A. Friel Reports Transaction in Common Units

Director Lisa A. Friel reports a transaction involving Westlake Chemical Partners LP common units, including the acquisition of 4,884 units through phantom units and the disposition of 2,442 units at $22.4.

Summary

• On May 10, 2024, Lisa A. Friel, a director of Westlake Chemical Partners LP, reported a transaction involving the company's common units.
• The transaction included the acquisition of 4,884 common units through the conversion of phantom units.
• Additionally, Ms. Friel disposed of 2,442 common units at a price of $22.4 per unit.
• Following the reported transactions, Ms. Friel still beneficially owns 2,442 common units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's securities. It allows investors to monitor the actions of key personnel and their potential impact on the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
• Similar filings are made by directors and officers of companies like Enterprise Products Partners L.P. and MPLX LP, reflecting transactions in their respective partnership units.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider activity.
• The impact on employees, customers, suppliers, and creditors is likely minimal.

Key Dates