Westlake Chemical Partners (WLKP) Director Finley G. Stephen Receives Award

What Happened
Finley G. Stephen, a director of Westlake Chemical Partners LP, was granted 5,044 phantom units on 2026-08-12. The award is recorded as a derivative grant (code A) with an acquisition price of $0.00; each Phantom Unit is the economic equivalent of one Common Unit of the issuer, so the grant corresponds to the economic value of 5,044 common units. The Form 4 was filed on 2026-08-13.

Key Details

• Transaction date: 2026-08-12; Filing date: 2026-08-13.
• Transaction type: Award/Grant (code A); 5,044 units granted at $0.00 (derivative award).
• Footnote: Each Phantom Unit equals one Common Unit of the issuer (F1).
• Shares owned after the transaction: not disclosed on the filing.
• Remarks in the filing note: "Mr. Woelfel is a Director of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP." (This appears in the filing's remarks section.)

Context
Phantom units are a form of long-term/compensation award that track the economic value of actual units but do not represent immediate transfers of common units; they typically convert to cash or units under plan terms and may be subject to vesting. Such awards are common for directors and are compensation-related rather than open-market purchases or sales, so they do not directly signal a director buying or selling stock. The Form 4 was filed the day after the grant, which is within typical reporting timelines for insider transactions.