Robert W. Bourne - Feb 12, 2022 Form 4 Insider Report for Western Midstream Partners, LP (WES)

Role
SVP & Chief Commercial Officer
Signature
/s/ Philip C. Neisel, as attorney-in-fact
Stock symbol
WES
Transactions as of
Feb 12, 2022
Transactions value $
-$136,105
Form type
4
Date filed
2/15/2022, 04:38 PM
Previous filing
Nov 16, 2021
Next filing
Feb 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WES Common units representing limited partner interests Options Exercise $0 +12.5K +76.94% $0.00 28.7K Feb 12, 2022 Direct
transaction WES Common units representing limited partner interests Tax liability -$87.3K -3.2K -11.15% $27.27 25.5K Feb 12, 2022 Direct
transaction WES Common units representing limited partner interests Options Exercise $0 +7.35K +28.8% $0.00 32.9K Feb 12, 2022 Direct
transaction WES Common units representing limited partner interests Tax liability -$48.8K -1.79K -5.45% $27.27 31.1K Feb 12, 2022 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
transaction WES Phantom Units Options Exercise $0 -12.5K -50% $0.00 12.5K Feb 12, 2022 Common units representing limited partner interests 12.5K Direct F1, F2
transaction WES Phantom Units Options Exercise $0 -7.35K -33.33% $0.00 14.7K Feb 12, 2022 Common units representing limited partner interests 7.35K Direct F1, F3
holding WES 2020 Performance Unit - ROA 10.9K Feb 12, 2022 Common units representing limited partner interests 10.9K $0.00 Direct F4
holding WES 2020 Performance Unit - TUR 10.9K Feb 12, 2022 Common units representing limited partner interests 10.9K $0.00 Direct F4
holding WES 2021 Performance Unit - ROA 22K Feb 12, 2022 Common units representing limited partner interests 22K $0.00 Direct F4
holding WES 2021 Performance Unit - TUR 22K Feb 12, 2022 Common units representing limited partner interests 22K $0.00 Direct F4
* 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.
F4 Each performance-based unit represents the right to receive, following vesting, between 0% and 200% of one WES Common Unit based upon the achievement of pre-established performance metrics over a 3-year performance period.