Kristen S. Shults - Feb 12, 2023 Form 4 Insider Report for Western Midstream Partners, LP (WES)

Role
SVP & Chief Financial Officer
Signature
/s/ Philip C. Neisel, as attorney-in-fact
Stock symbol
WES
Transactions as of
Feb 12, 2023
Transactions value $
-$159,980
Form type
4
Date filed
2/14/2023, 06:28 PM
Previous filing
May 4, 2022
Next filing
Feb 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WES Common Units representing limited partner interests Options Exercise $0 +4.61K +81.68% $0.00 10.3K Feb 12, 2023 Direct
transaction WES Common Units representing limited partner interests Tax liability -$31.7K -1.12K -10.95% $28.26 9.13K Feb 12, 2023 Direct
transaction WES Common Units representing limited partner interests Options Exercise $0 +3.13K +34.22% $0.00 12.3K Feb 12, 2023 Direct
transaction WES Common Units representing limited partner interests Tax liability -$21.5K -761 -6.21% $28.26 11.5K Feb 12, 2023 Direct
transaction WES Common Units representing limited partner interests Options Exercise $0 +15.5K +134.94% $0.00 27K Feb 12, 2023 Direct
transaction WES Common Units representing limited partner interests Tax liability -$107K -3.78K -13.99% $28.26 23.2K Feb 12, 2023 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
transaction WES 2020 Phantom Units Options Exercise $0 -4.61K -100% $0.00* 0 Feb 12, 2023 Common Units representing limited partner interests 4.61K Direct F1, F2
transaction WES 2021 Phantom Units Options Exercise $0 -3.13K -50% $0.00 3.13K Feb 12, 2023 Common Units representing limited partner interests 3.13K Direct F1, F2
transaction WES 2022 Phantom Units Options Exercise $0 -15.5K -33.33% $0.00 31K Feb 12, 2023 Common Units representing limited partner interests 15.5K Direct F1, F2
transaction WES 2023 Phantom Units Award $0 +32.5K $0.00 32.5K Feb 14, 2023 Common Units representing limited partner interests 32.5K Direct F1, F2
transaction WES 2023 Performance Unit - TUR Award $0 +16.2K $0.00 16.2K Feb 14, 2023 Common Units representing limited partner interests 16.2K Direct F3
transaction WES 2023 Performance Unit - ROA Award $0 +16.2K $0.00 16.2K Feb 14, 2023 Common Units representing limited partner interests 16.2K Direct F3
holding WES 2022 Performance Unit - TUR 10.8K Feb 12, 2023 Common Units representing limited partner interests 10.8K Direct F3
holding WES 2022 Performance Unit - ROA 10.8K Feb 12, 2023 Common Units representing limited partner interests 10.8K Direct F3
* 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.
F3 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.