Michael S. Forsyth - Oct 3, 2022 Form 3 Insider Report for Western Midstream Partners, LP (WES)

Signature
/s/ Philip C. Neisel, as attorney-in-fact
Stock symbol
WES
Transactions as of
Oct 3, 2022
Transactions value $
$0
Form type
3
Date filed
10/11/2022, 04:00 PM
Next filing
Feb 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WES Common units representing limited partner interests 8.86K Oct 3, 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 Oct 3, 2022 Common units representing limited partner interests 4.61K $0.00 Direct F1, F2
holding WES Phantom Units Oct 3, 2022 Common units representing limited partner interests 6.43K $0.00 Direct F1, F2
holding WES Phantom Units Oct 3, 2022 Common units representing limited partner interests 8.37K $0.00 Direct F1, F2
* 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 cash on a current basis.