Catherine A. Green - 12 Feb 2022 Form 4 Insider Report for Western Midstream Partners, LP (WES)

Role: VP & Chief Accounting Officer
Signature: /s/ Philip C. Neisel, as attorney-in-fact
Issuer symbol: WES
Transactions as of: 12 Feb 2022
Net transactions value: -$64,303
Form type: 4
Filing time: 15 Feb 2022, 16:47:12 UTC
Previous filing: 16 Nov 2021
Next filing: 16 Feb 2022
SEC: View on sec.gov

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	+4,682	+78%	$0.000000	10,657	12 Feb 2022	Direct
transaction	WES	Common units representing limited partner interests	Tax liability	$36,733	-1,347	-13%	$27.27	9,310	12 Feb 2022	Direct
transaction	WES	Common units representing limited partner interests	Options Exercise	$0	+4,198	+45%	$0.000000	13,508	12 Feb 2022	Direct
transaction	WES	Common units representing limited partner interests	Tax liability	$27,570	-1,011	-7.5%	$27.27	12,497	12 Feb 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	-4,682	-50%	$0.000000	4,682	12 Feb 2022	Common units representing limited partner interests	4,682		Direct	F1, F2
transaction	WES	Phantom Units	Options Exercise	$0	-4,198	-33%	$0.000000	8,396	12 Feb 2022	Common units representing limited partner interests	4,198		Direct	F1, F3
holding	WES	2020 Performance Unit - ROA						3,902	12 Feb 2022	Common units representing limited partner interests	3,902	$0.000000	Direct	F4
holding	WES	2020 Performance Unit - TUR						3,902	12 Feb 2022	Common units representing limited partner interests	3,902	$0.000000	Direct	F4
holding	WES	2021 Performance Unit - ROA						6,297	12 Feb 2022	Common units representing limited partner interests	6,297	$0.000000	Direct	F4
holding	WES	2021 Performance Unit - TUR						6,297	12 Feb 2022	Common units representing limited partner interests	6,297	$0.000000	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.