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

Role
SVP, North Operations
Signature
/s/ Philip C. Neisel, as attorney-in-fact
Issuer symbol
WES
Transactions as of
12 Feb 2023
Transactions value $
-$91,591
Form type
4
Filing time
14 Feb 2023, 18:34:25 UTC
Previous filing
11 Oct 2022
Next filing
14 Feb 2024
SEC
View on sec.gov

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 +52.06% $0.00 13.5K 12 Feb 2023 Direct
transaction WES Common Units representing limited partner interests Tax liability -$43K -1.52K -11.3% $28.26 11.9K 12 Feb 2023 Direct
transaction WES Common Units representing limited partner interests Options Exercise $0 +3.21K +26.91% $0.00 15.2K 12 Feb 2023 Direct
transaction WES Common Units representing limited partner interests Tax liability -$25.9K -918 -6.06% $28.26 14.2K 12 Feb 2023 Direct
transaction WES Common Units representing limited partner interests Options Exercise $0 +2.79K +19.58% $0.00 17K 12 Feb 2023 Direct
transaction WES Common Units representing limited partner interests Tax liability -$22.7K -802 -4.71% $28.26 16.2K 12 Feb 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 12 Feb 2023 Common Units representing limited partner interests 4.61K Direct F1, F2
transaction WES 2021 Phantom Units Options Exercise $0 -3.21K -50% $0.00 3.21K 12 Feb 2023 Common Units representing limited partner interests 3.21K Direct F1, F2
transaction WES 2022 Phantom Units Options Exercise $0 -2.79K -33.33% $0.00 5.58K 12 Feb 2023 Common Units representing limited partner interests 2.79K $0.00 Direct F1, F2
transaction WES 2023 Phantom Units Award $0 +32.5K $0.00 32.5K 14 Feb 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 14 Feb 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 14 Feb 2023 Common Units representing limited partner interests 16.2K 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.