Michael Ure - Aug 8, 2022 Form 4 Insider Report for Western Midstream Partners, LP (WES)

Role
President & CEO, Director
Signature
/s/ Philip C. Neisel, as attorney-in-fact
Stock symbol
WES
Transactions as of
Aug 8, 2022
Transactions value $
-$28,649
Form type
4
Date filed
8/16/2022, 04:05 PM
Previous filing
May 17, 2022
Next filing
Nov 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WES Common units representing limited partner interests Gift $0 -16.5K -11.76% $0.00 124K Aug 8, 2022 Direct F1
transaction WES Common units representing limited partner interests Award $0 +2.59K +2.09% $0.00 126K Aug 12, 2022 Direct
transaction WES Common units representing limited partner interests Tax liability -$28.6K -1.02K -0.8% $28.17 125K Aug 12, 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 2020 Performance Unit - ROA 46.8K Aug 8, 2022 Common units representing limited partner interests 46.8K Direct F2
holding WES 2020 Performance Unit - TUR 46.8K Aug 8, 2022 Common units representing limited partner interests 46.8K Direct F2
holding WES 2021 Performance Unit - ROA 110K Aug 8, 2022 Common units representing limited partner interests 110K Direct F2
holding WES 2021 Performance Unit - TUR 110K Aug 8, 2022 Common units representing limited partner interests 110K Direct F2
holding WES 2022 Performance Unit - ROA 43.4K Aug 8, 2022 Common units representing limited partner interests 43.4K Direct F2
holding WES 2022 Performance Unit - TUR 43.4K Aug 8, 2022 Common units representing limited partner interests 43.4K Direct F2
holding WES Phantom Units 52K Aug 8, 2022 Common units representing limited partner interests 52K Direct F3, F4
holding WES Phantom Units 171K Aug 8, 2022 Common units representing limited partner interests 171K Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Units transferred in connection with a donation to a charitable institution.
F2 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.
F3 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.
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.
F5 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.