Kristen S. Shults - May 2, 2022 Form 3 Insider Report for Western Midstream Partners, LP (WES)

Role: SVP & Chief Financial Officer
Signature: /s/ Philip C. Neisel, as attorney-in-fact
Stock symbol: WES
Transactions as of: May 2, 2022
Transactions value $: $0
Form type: 3
Date filed: 5/4/2022, 05:11 PM
Next filing: Feb 14, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	WES	Common units representing limited partner interests						5.64K	May 2, 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
holding	WES	Phantom Units							May 2, 2022	Common units representing limited partner interests	35.7K		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
F2	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.