Craig W. Collins - 12 Aug 2022 Form 4 Insider Report for Western Midstream Partners, LP (WES)

Role
SVP & Chief Operating Officer
Signature
/s/ Philip C. Neisel, as attorney-in-fact
Issuer symbol
WES
Transactions as of
12 Aug 2022
Net transactions value
-$12,282
Form type
4
Filing time
16 Aug 2022, 16:10:23 UTC
Previous filing
17 May 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 +1,108 +1.5% $0.000000 75,690 12 Aug 2022 Direct
transaction WES Common units representing limited partner interests Tax liability $12,282 -436 -0.58% $28.17 75,254 12 Aug 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 20,288 12 Aug 2022 Common units representing limited partner interests 20,288 Direct F1
holding WES 2020 Performance Unit - TUR 20,288 12 Aug 2022 Common units representing limited partner interests 20,288 Direct F1
holding WES 2021 Performance Unit - ROA 47,230 12 Aug 2022 Common units representing limited partner interests 47,230 Direct F1
holding WES 2021 Performance Unit - TUR 47,230 12 Aug 2022 Common units representing limited partner interests 47,230 Direct F1
holding WES 2022 Performance Unit - ROA 16,378 12 Aug 2022 Common units representing limited partner interests 16,378 Direct F1
holding WES 2022 Performance Unit - TUR 16,378 12 Aug 2022 Common units representing limited partner interests 16,378 Direct F1
holding WES Phantom Units 21,848 12 Aug 2022 Common units representing limited partner interests 21,848 Direct F2, F3
holding WES Phantom Units 64,241 12 Aug 2022 Common units representing limited partner interests 64,241 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
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.
F3 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.
F4 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.