Robert W. Bourne - Nov 14, 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
Stock symbol
WES
Transactions as of
Nov 14, 2022
Transactions value $
-$6,750
Form type
4
Date filed
11/16/2022, 03:56 PM
Previous filing
Aug 16, 2022
Next filing
Feb 14, 2023

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 +613 +1.76% $0.00 35.4K Nov 14, 2022 Direct
transaction WES Common Units representing limited partner interests Tax liability -$6.75K -241 -0.68% $28.01 35.1K Nov 14, 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 10.9K Nov 14, 2022 Common Units representing limited partner interests 10.9K Direct F1
holding WES 2020 Performance Unit - TUR 10.9K Nov 14, 2022 Common Units representing limited partner interests 10.9K Direct F1
holding WES 2021 Performance Unit - ROA 22K Nov 14, 2022 Common Units representing limited partner interests 22K Direct F1
holding WES 2021 Performance Unit - TUR 22K Nov 14, 2022 Common Units representing limited partner interests 22K Direct F1
holding WES 2022 Performance Unit - ROA 8.67K Nov 14, 2022 Common Units representing limited partner interests 8.67K Direct F1
holding WES 2022 Performance Unit - TUR 8.67K Nov 14, 2022 Common Units representing limited partner interests 8.67K Direct F1
holding WES Phantom Units 12.5K Nov 14, 2022 Common Units representing limited partner interests 12.5K Direct F2
holding WES Phantom Units 14.7K Nov 14, 2022 Common Units representing limited partner interests 14.7K Direct F3, F4
holding WES Phantom Units 17.3K Nov 14, 2022 Common Units representing limited partner interests 17.3K Direct F5, F6
* 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. This Phantom Unit award vests ratably on 2/12/21, 2/12/22 and 2/12/23.
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 cash on a current basis.
F5 Each Phantom Unit is the economic equivalent of one WES Common Unit representing limited partnership interests, and upon vesting, entitled to receive a common unit
F6 The phantom units vest in three annual installments beginning one year after the date of grant, and will pay distribution equivalent rights prior to vesting in the form of WES Common Units.