-z wxneeded creates a PHDR PT_OPENBSD_WXNEEDED.
PT_OPENBSD_WXNEEDED
The array element specifies that a process executing this file may need to be able to map or protect memory regions as simultaneously executable and writable. If the system is unable or unwilling to permit that for this executable then it may fail immediately. This segment type is meaningful only for executable files and is ignored in other objects.
The variable naming rule here is to camel-case words with "-" as a word separator. Because "wxneeded" contains no hyphens, it should be handled as one word. Thus, ZWxneeded.