Christopher B. Dial - 13 May 2022 Form 4 Insider Report for Western Midstream Partners, LP (WES)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
17 May 2022, 17:06:15 UTC
Prior SEC filing
16 Feb 2022
Next SEC filing
16 Aug 2022
Source filing
View source filing
Reporting owner 1 detail
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 17 May 2022.

Key facts

  • This page summarizes Christopher B. Dial's Form 4 filing for Western Midstream Partners, LP (WES).
  • 2 reported transactions and 8 derivative rows are listed below.
  • Accepted by SEC: 17 May 2022, 17:06.

Change

  • Previous filing in this sequence was filed on 16 Feb 2022.
  • Current net transaction value: -$5,938.

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
+583
Change %
+1.9%
Price
$0.000000
Shares after
30,514
Date
13 May 2022
Ownership
Direct
WES transaction

Common units representing limited partner interests

Tax liability

Transaction value
$5,938
Shares
-229
Change %
-0.75%
Price
$25.93
Shares after
30,285
Date
13 May 2022
Ownership
Direct

Reported derivative securities

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

WES holding Derivative

Phantom Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
11,444
Date
13 May 2022
Ownership
Direct
Underlying class
Common units representing limited partner interests
Underlying amount
11,444
Exercise price
Footnotes
F1, F2
WES holding Derivative

Phantom Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
35,183
Date
13 May 2022
Ownership
Direct
Underlying class
Common units representing limited partner interests
Underlying amount
35,183
Exercise price
Footnotes
F1, F3
WES holding Derivative

2020 Performance Unit - ROA

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
9,363
Date
13 May 2022
Ownership
Direct
Underlying class
Common units representing limited partner interests
Underlying amount
9,363
Exercise price
Footnotes
F4
WES holding Derivative

2020 Performance Unit - TUR

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
9,363
Date
13 May 2022
Ownership
Direct
Underlying class
Common units representing limited partner interests
Underlying amount
9,363
Exercise price
Footnotes
F4
WES holding Derivative

2021 Performance Unit - ROA

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
26,764
Date
13 May 2022
Ownership
Direct
Underlying class
Common units representing limited partner interests
Underlying amount
26,764
Exercise price
Footnotes
F4
WES holding Derivative

2021 Performance Unit - TUR

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
26,764
Date
13 May 2022
Ownership
Direct
Underlying class
Common units representing limited partner interests
Underlying amount
26,764
Exercise price
Footnotes
F4
WES holding Derivative

2022 Performance Unit - ROA

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
8,671
Date
13 May 2022
Ownership
Direct
Underlying class
Common units representing limited partner interests
Underlying amount
8,671
Exercise price
Footnotes
F4
WES holding Derivative

2022 Performance Unit - TUR

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
8,671
Date
13 May 2022
Ownership
Direct
Underlying class
Common units representing limited partner interests
Underlying amount
8,671
Exercise price
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.

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