A Form 4 filed on August 13, 2026 discloses that Randy Woelfel, a Director of Westlake Chemical Partners GP LLC, acquired 5,044 Phantom Units in Westlake Chemical Partners LP (NYSE:WLKP) on August 12, 2026.

Key Highlights

  • Reporting person: Randy Woelfel, Director of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP
  • Transaction date: August 12, 2026
  • Security acquired: 5,044 Phantom Units, transaction code "A" (acquired)
  • Price: $0 per Phantom Unit, as disclosed in the filing
  • Unit equivalence: According to the filing, "each Phantom Unit is the economic equivalent of one Common Unit of the Issuer"
  • Expiration window: The Phantom Units have a date exercisable of August 12, 2027 and an expiration date of September 12, 2027
  • Post-transaction holdings: 0 derivative securities beneficially owned following the reported transaction, as shown in Table II, Column 9

Woelfel Phantom Unit Grant Details at Westlake Chemical Partners LP

According to the Form 4 filing, Randy Woelfel acquired 5,044 Phantom Units in Westlake Chemical Partners LP on August 12, 2026, at a price of $0. The filing identifies Woelfel as a Director of Westlake Chemical Partners GP LLC, which serves as the general partner of Westlake Chemical Partners LP (NYSE:WLKP). The form was filed on August 13, 2026, and was signed by J Feng under a power of attorney on Woelfel's behalf.

The filing reports the transaction in Table II, covering derivative securities. The Phantom Units are classified as derivative securities with a conversion or exercise price not specified in the filing beyond the $0 acquisition price. The filing states that the underlying security is Common Units, with an amount of 5,044 shares. The date exercisable is listed as August 12, 2027, and the expiration date is September 12, 2027. The filing's explanation of responses notes that "each Phantom Unit is the economic equivalent of one Common Unit of the Issuer."

Woelfel's address is listed as 2801 Post Oak Blvd., Ste. 600, Houston, Texas 77056. The filing indicates that the form was filed by one reporting person, with no amendment noted, and the earliest transaction date is August 12, 2026. The ownership form for the Phantom Units is listed as direct.

What Was Disclosed

The filing reports the acquisition of 5,044 Phantom Units by Director Randy Woelfel in Westlake Chemical Partners LP on August 12, 2026, at $0, with the units described as economically equivalent to Common Units and exercisable between August 12, 2027 and September 12, 2027.