Key facts
- This page summarizes Michael Ure's Form 4 filing for Western Midstream Partners, LP (WES).
- 6 reported transactions and 6 derivative rows are listed below.
- Accepted by SEC: 15 Feb 2022, 16:57.
Michael Ure - 12 Feb 2022 Form 4 Insider Report for Western Midstream Partners, LP (WES)
- Reporting relationship
- President & CEO, Director
- Issuer ticker
- WES
- Reported as of
- 12 Feb 2022
- Net transaction value
- -$865,604
- SEC form
- 4
- Accepted by SEC
- 15 Feb 2022, 16:57:39 UTC
- Prior SEC filing
- 16 Nov 2021
- Next SEC filing
- 16 Feb 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Philip C. Neisel, as attorney-in-fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Michael Ure filed Form 4 for Western Midstream Partners, LP (WES) on 15 Feb 2022.
Change
- Previous filing in this sequence was filed on 16 Nov 2021.
- Current net transaction value: -$865,604.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
WES
transaction
Common units representing limited partner interests
Options Exercise
- Transaction value
- $0
- Shares
- +52,018
- Change %
- +69%
- Price
- $0.000000
- Shares after
- 126,926
- Date
- 12 Feb 2022
- Ownership
- Direct
WES
transaction
Common units representing limited partner interests
Tax liability
- Transaction value
- $415,104
- Shares
- -15,222
- Change %
- -12%
- Price
- $27.27
- Shares after
- 111,704
- Date
- 12 Feb 2022
- Ownership
- Direct
WES
transaction
Common units representing limited partner interests
Options Exercise
- Transaction value
- $0
- Shares
- +41,982
- Change %
- +38%
- Price
- $0.000000
- Shares after
- 153,686
- Date
- 12 Feb 2022
- Ownership
- Direct
WES
transaction
Common units representing limited partner interests
Tax liability
- Transaction value
- $450,500
- Shares
- -16,520
- Change %
- -11%
- Price
- $27.27
- Shares after
- 137,166
- Date
- 12 Feb 2022
- Ownership
- Direct
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
WES
transaction
Derivative
Phantom Units
Options Exercise
- Transaction value
- $0
- Shares
- -52,018
- Change %
- -50%
- Price
- $0.000000
- Shares after
- 52,018
- Date
- 12 Feb 2022
- Ownership
- Direct
- Underlying class
- Common units representing limited partner interests
- Underlying amount
- 52,018
- Exercise price
- Footnotes
- F1, F2
WES
transaction
Derivative
Phantom Units
Options Exercise
- Transaction value
- $0
- Shares
- -41,982
- Change %
- -33%
- Price
- $0.000000
- Shares after
- 83,963
- Date
- 12 Feb 2022
- Ownership
- Direct
- Underlying class
- Common units representing limited partner interests
- Underlying amount
- 41,982
- Exercise price
- Footnotes
- F1, F3
WES
holding
Derivative
2020 Performance Unit - ROA
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 46,817
- Date
- 12 Feb 2022
- Ownership
- Direct
- Underlying class
- Common units representing limited partner interests
- Underlying amount
- 46,817
- Exercise price
- $0.000000
- Footnotes
- F4
WES
holding
Derivative
2020 Performance Unit - TUR
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 46,817
- Date
- 12 Feb 2022
- Ownership
- Direct
- Underlying class
- Common units representing limited partner interests
- Underlying amount
- 46,817
- Exercise price
- $0.000000
- Footnotes
- F4
WES
holding
Derivative
2021 Performance Unit - ROA
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 110,201
- Date
- 12 Feb 2022
- Ownership
- Direct
- Underlying class
- Common units representing limited partner interests
- Underlying amount
- 110,201
- Exercise price
- $0.000000
- Footnotes
- F4
WES
holding
Derivative
2021 Performance Unit - TUR
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 111,201
- Date
- 12 Feb 2022
- Ownership
- Direct
- Underlying class
- Common units representing limited partner interests
- Underlying amount
- 111,201
- Exercise price
- $0.000000
- Footnotes
- F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote 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.
Footnote 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.
Footnote 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.
Footnote 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.