Catherine A. Green - 13 May 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
13 May 2022
Net transactions value
-$1,530
Form type
4
Filing time
17 May 2022, 17:13:30 UTC
Previous filing
16 Feb 2022
Next filing
16 Aug 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 Award $0 +240 +1.9% $0.000000 12,897 13 May 2022 Direct
transaction WES Common units representing limited partner interests Tax liability $1,530 -59 -0.46% $25.93 12,838 13 May 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 4,682 13 May 2022 Common units representing limited partner interests 4,682 Direct F1, F2
holding WES Phantom Units 20,920 13 May 2022 Common units representing limited partner interests 20,920 Direct F1, F3
holding WES 2020 Performance Unit - ROA 3,902 13 May 2022 Common units representing limited partner interests 3,902 Direct F4
holding WES 2020 Performance Unit - TUR 3,902 13 May 2022 Common units representing limited partner interests 3,902 Direct F4
holding WES 2021 Performance Unit - ROA 6,297 13 May 2022 Common units representing limited partner interests 6,297 Direct F4
holding WES 2021 Performance Unit - TUR 6,297 13 May 2022 Common units representing limited partner interests 6,297 Direct F4
holding WES 2022 Performance Unit - ROA 6,262 13 May 2022 Common units representing limited partner interests 6,262 Direct F4
holding WES 2022 Performance Unit - TUR 6,262 13 May 2022 Common units representing limited partner interests 6,262 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.