Christopher B. Dial - 14 Feb 2022 Form 4 Insider Report for Western Midstream Partners, LP (WES)

Reporting relationship: SVP, GC and Secretary
Issuer ticker: WES
Reported as of: 14 Feb 2022
Net transaction value: -$3,311
SEC form: 4
Accepted by SEC: 16 Feb 2022, 16:34:57 UTC
Prior SEC filing: 15 Feb 2022
Next SEC filing: 17 May 2022
Source filing: View source filing
Reporting owner signature: /s/ Philip C. Neisel, as attorney-in-fact

Key filing fact

Christopher B. Dial filed Form 4 for Western Midstream Partners, LP (WES) on 16 Feb 2022.

Key facts

This page summarizes Christopher B. Dial's Form 4 filing for Western Midstream Partners, LP (WES).
5 reported transactions and 8 derivative rows are listed below.
Accepted by SEC: 16 Feb 2022, 16:34.

Change

Previous filing in this sequence was filed on 15 Feb 2022.
Current net transaction value: -$3,311.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

WES transaction

Common units representing limited partner interests

Award

Transaction value: $0
Shares: +510
Change %: +1.7%
Price: $0.000000
Shares after: 30,055
Date: 14 Feb 2022
Ownership: Direct

WES transaction

Common units representing limited partner interests

Tax liability

Transaction value: $3,311
Shares: -124
Change %: -0.41%
Price: $26.70
Shares after: 29,931
Date: 14 Feb 2022
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

WES transaction Derivative

Phantom Units

Award

Transaction value: $0
Shares: +17,341
Change %: +97%
Price: $0.000000
Shares after: 35,183
Date: 15 Feb 2022
Ownership: Direct
Underlying class: Common units representing limited partner interests
Underlying amount: 17,341
Exercise price
Footnotes: F1, F2

WES transaction Derivative

2022 Performance Unit - TUR

Award

Transaction value: $0
Shares: +8,671
Change %
Price: $0.000000
Shares after: 8,671
Date: 15 Feb 2022
Ownership: Direct
Underlying class: Common units representing limited partner interests
Underlying amount: 8,671
Exercise price
Footnotes: F3

WES transaction Derivative

2022 Performance Unit - ROA

Award

Transaction value: $0
Shares: +8,671
Change %
Price: $0.000000
Shares after: 8,671
Date: 15 Feb 2022
Ownership: Direct
Underlying class: Common units representing limited partner interests
Underlying amount: 8,671
Exercise price
Footnotes: F3

WES holding Derivative

Phantom Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 11,444
Date: 14 Feb 2022
Ownership: Direct
Underlying class: Common units representing limited partner interests
Underlying amount: 11,444
Exercise price
Footnotes: F1, F4

WES holding Derivative

2021 Performance Unit - TUR

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 26,764
Date: 14 Feb 2022
Ownership: Direct
Underlying class: Common units representing limited partner interests
Underlying amount: 26,764
Exercise price
Footnotes: F3

WES holding Derivative

2021 Performance Unit - ROA

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 26,764
Date: 14 Feb 2022
Ownership: Direct
Underlying class: Common units representing limited partner interests
Underlying amount: 26,764
Exercise price
Footnotes: F3

WES holding Derivative

2020 Performance Unit - TUR

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 9,363
Date: 14 Feb 2022
Ownership: Direct
Underlying class: Common units representing limited partner interests
Underlying amount: 9,363
Exercise price
Footnotes: F3

WES holding Derivative

2020 Performance Unit - ROA

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 9,363
Date: 14 Feb 2022
Ownership: Direct
Underlying class: Common units representing limited partner interests
Underlying amount: 9,363
Exercise price
Footnotes: F3

^* 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 cash on a current basis.

Footnote F3

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.

Footnote F4

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.

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