Lisa A. Friel, a director of Westlake Chemical Partners LP (NYSE: WLKP), filed a Form 4 on August 7, 2026, disclosing transactions in common units dated August 6, 2026.

Key Highlights

  • Phantom Unit conversion: 5,005 phantom units were converted (transaction code M) into 5,005 common units on August 6, 2026, at a derivative price of $0.
  • Disposition of units: 2,502 common units were disposed of (transaction code D) on August 6, 2026, at a price of $21.35 per unit.
  • Resulting ownership: Following both transactions, Friel directly holds 9,666 common units, according to the filing.
  • Reporting person's role: Friel is identified as a Director of Westlake Chemical Partners GP LLC, the general partner of Westlake Chemical Partners LP.
  • Phantom unit equivalence: The filing states that "each Phantom Unit is the economic equivalent of one Common Unit of the Issuer."

Director Friel's August 2026 Unit Transactions at Westlake Chemical Partners

According to the Form 4 filed with the SEC on August 7, 2026, Lisa A. Friel reported two transactions in Westlake Chemical Partners LP common units, both dated August 6, 2026. The filing identifies Friel as a Director of Westlake Chemical Partners GP LLC, which serves as the general partner of Westlake Chemical Partners LP, traded on the NYSE under the ticker WLKP.

The first transaction, coded M, reflects the conversion of 5,005 phantom units into 5,005 common units. The filing explains that each phantom unit "is the economic equivalent of one Common Unit of the Issuer," and the listed price of the derivative security was $0. Prior to this conversion, the filing indicates Friel directly held 12,168 common units immediately following the acquisition. The phantom units carried an expiration date of September 6, 2026, and an exercise date of August 6, 2026, and following the conversion, zero phantom units remained beneficially owned.

The second transaction, coded D, reflects the disposal of 2,502 common units at a price of $21.35 per unit. After this disposal, the filing reports Friel directly held 9,666 common units. All ownership reported is direct. The Form 4 was signed by J. Feng under a power of attorney on behalf of Lisa Friel and dated August 7, 2026.

What Was Disclosed

The filing disclosed the conversion of 5,005 phantom units into common units and the subsequent disposal of 2,502 common units at $21.35, leaving director Lisa A. Friel with direct beneficial ownership of 9,666 common units of Westlake Chemical Partners LP.