Robert W. Bourne - Feb 12, 2023 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
Feb 12, 2023
Transactions value $
-$289,439
Form type
4
Date filed
2/14/2023, 06:31 PM
Previous filing
Nov 16, 2022
Next filing
Feb 15, 2023

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 +12.5K +35.53% $0.00 47.6K Feb 12, 2023 Direct
transaction WES Common Units representing limited partner interests Tax liability -$143K -5.08K -10.66% $28.26 42.6K Feb 12, 2023 Direct
transaction WES Common Units representing limited partner interests Options Exercise $0 +7.35K +17.27% $0.00 49.9K Feb 12, 2023 Direct
transaction WES Common Units representing limited partner interests Tax liability -$81.7K -2.89K -5.79% $28.26 47K Feb 12, 2023 Direct
transaction WES Common Units representing limited partner interests Options Exercise $0 +5.78K +12.3% $0.00 52.8K Feb 12, 2023 Direct
transaction WES Common Units representing limited partner interests Tax liability -$64.3K -2.27K -4.31% $28.26 50.5K 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 -12.5K -100% $0.00* 0 Feb 12, 2023 Common Units representing limited partner interests 12.5K Direct F1
transaction WES 2021 Phantom Units Options Exercise $0 -7.35K -50% $0.00 7.35K Feb 12, 2023 Common Units representing limited partner interests 7.35K Direct F2, F3
transaction WES 2022 Phantom Units Options Exercise $0 -5.78K -33.33% $0.00 11.6K Feb 12, 2023 Common Units representing limited partner interests 5.78K Direct F4, F5
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 F2, F3
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 F6
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 F6
holding WES 2022 Performance Unit - TUR 8.67K Feb 12, 2023 Common Units representing limited partner interests 8.67K Direct F6
holding WES 2022 Performance Unit - ROA 8.67K Feb 12, 2023 Common Units representing limited partner interests 8.67K Direct F6
holding WES 2021 Performance Unit - TUR 22K Feb 12, 2023 Common Units representing limited partner interests 22K Direct F6
holding WES 2021 Performance Unit - ROA 22K Feb 12, 2023 Common Units representing limited partner interests 22K Direct F6
holding WES 2020 Performance Unit - TUR 10.9K Feb 12, 2023 Common Units representing limited partner interests 10.9K Direct F6
holding WES 2020 Performance Unit - ROA 10.9K Feb 12, 2023 Common Units representing limited partner interests 10.9K Direct F6
* 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. This Phantom Unit award vests ratably on 2/12/21, 2/12/22 and 2/12/23.
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 cash on a current basis.
F4 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
F5 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.
F6 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.