Form 4: Westlake Chemical Partners LP Director Randy Woelfel Reports Transaction in Common Units
SEC Form 4 Filing
Director Randy Woelfel reports a transaction involving Westlake Chemical Partners LP common units, including the conversion of phantom units and disposal of common units.
Summary
- On August 9, 2024, Randy Woelfel, a director of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP, reported a transaction involving the company's common units.
- The transaction included the conversion of 4,560 phantom units into common units.
- Woelfel also disposed of 3,420 common units at a price of $22.94 per unit.
- Following the reported transactions, Woelfel beneficially owns 23,913 common units directly.
Sentiment
Score: 5
Explanation: The document is a routine filing of insider transactions, with neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 08/09/2024 | Date of transaction involving common units and phantom units |
| 08/12/2024 | Date of signature for the report |
| 09/09/2024 | Expiration date of phantom units |
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.