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

Role: SVP, North Operations
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
SEC: View on sec.gov

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

Showing 1 to 1 of 1 entries

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.