What are the key terms of the Phantom Units awarded to Westlake Chemical Partners LP director Finley G. Stephen?

Finley G. Stephen, a director of Westlake Chemical Partners LP, was granted 5,044 Phantom Units on August 12, 2026; these units are economically equivalent to Common Units, have an exercise date of August 12, 2027, an expiration date of September 12, 2027, and were granted at $0.00 per unit, indicating they constitute compensation rather than a market purchase.

Why is the $0.00 grant price significant for the Phantom Units awarded to Finley G. Stephen?

The $0.00 per unit grant price signifies that the Phantom Units were issued as non-cash compensation to Finley G. Stephen, not acquired through a market transaction or monetary investment, aligning with typical executive or director incentive practices where value accrues based on future unit performance or distribution rights rather than upfront payment.

Westlake Chemical Partners Awards Director Phantom Units

Aug 13, 2026

Westlake Chemical Partners LP granted director Finley G. Stephen 5,044 phantom units as compensation on August 12, 2026. The award has an exercise date of August 12, 2027.

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Westlake Chemical Partners (WLKP) awards 5,044 Phantom Units to director

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