Robert W. Bourne - 17 Jun 2022 Form 4 Insider Report for Western Midstream Partners, LP (WES)

Role: SVP & Chief Commercial Officer
Signature: /s/ Philip C. Neisel, as attorney-in-fact
Issuer symbol: WES
Transactions as of: 17 Jun 2022
Net transactions value: +$57,250
Form type: 4
Filing time: 17 Jun 2022, 17:24:06 UTC
Previous filing: 17 May 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	Purchase	$57,250	+2,500	+7.8%	$22.90	34,400	17 Jun 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						12,485	17 Jun 2022	Common units representing limited partner interests	12,485		Direct	F1, F2
holding	WES	Phantom Units						32,035	17 Jun 2022	Common units representing limited partner interests	32,035		Direct	F1, F3
holding	WES	2020 Performance Unit - ROA						10,924	17 Jun 2022	Common units representing limited partner interests	10,924		Direct	F4
holding	WES	2020 Performance Unit - TUR						10,924	17 Jun 2022	Common units representing limited partner interests	10,924		Direct	F4
holding	WES	2021 Performance Unit - ROA						22,040	17 Jun 2022	Common units representing limited partner interests	22,040		Direct	F4
holding	WES	2021 Performance Unit - TUR						22,040	17 Jun 2022	Common units representing limited partner interests	22,040		Direct	F4
holding	WES	2022 Performance Unit - ROA						8,671	17 Jun 2022	Common units representing limited partner interests	8,671		Direct	F4
holding	WES	2022 Performance Unit - TUR						8,671	17 Jun 2022	Common units representing limited partner interests	8,671		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.