Michael Ure - Nov 12, 2021 Form 4 Insider Report for Western Midstream Partners, LP (WES)

Role
President & CEO, Director
Signature
/s/ Philip C. Neisel, as attorney-in-fact
Stock symbol
WES
Transactions as of
Nov 12, 2021
Transactions value $
-$25,121
Form type
4
Date filed
11/16/2021, 03:35 PM
Previous filing
Aug 17, 2021
Next filing
Feb 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WES Common units representing limited partner interests Award $0 +2.86K +3.91% $0.00 76K Nov 12, 2021 Direct
transaction WES Common units representing limited partner interests Disposed to Issuer -$25.1K -1.13K -1.48% $22.29 74.9K Nov 12, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding WES Phantom Units 104K Nov 12, 2021 Common units representing limited partner interests 104K Direct F1, F2
holding WES Phantom Units 126K Nov 12, 2021 Common units representing limited partner interests 126K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Phantom Unit is the economic equivalent of one WES Common Unit representing limited partnership interests, and upon vesting, will entitle the holder to receive a common unit or, at the discretion of the Board of Directors of the General Partner, cash equal to the Fair Market Value of a Common Unit.
F2 These Phantom Units vest ratably over a three-year period on February 12th of each year, and will pay distribution equivalent rights in the form of WES Common Units on a current basis.
F3 These Phantom Units vest ratably over a three-year period on February 12th of each year, and will pay distribution equivalent rights in cash on a current basis.