Michael Ure - 13 Feb 2023 Form 4 Insider Report for Western Midstream Partners, LP (WES)

Role: President & CEO, Director
Signature: /s/ Philip C. Neisel, as attorney-in-fact
Issuer symbol: WES
Transactions as of: 13 Feb 2023
Net transactions value: -$1,673,639
Form type: 4
Filing time: 15 Feb 2023, 15:40:20 UTC
Previous filing: 14 Feb 2023
Next filing: 22 Sep 2023
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	Award	$0	+2,576	+1.3%	$0.000000	204,105	13 Feb 2023	Direct
transaction	WES	Common Units representing limited partner interests	Tax liability	$28,676	-1,014	-0.5%	$28.28	203,091	13 Feb 2023	Direct
transaction	WES	Common Units representing limited partner interests	Options Exercise	$0	+70,226	+35%	$0.000000	273,317	14 Feb 2023	Direct
transaction	WES	Common Units representing limited partner interests	Tax liability	$787,569	-27,634	-10%	$28.50	245,683	14 Feb 2023	Direct
transaction	WES	Common Units representing limited partner interests	Options Exercise	$0	+76,452	+31%	$0.000000	322,135	14 Feb 2023	Direct
transaction	WES	Common Units representing limited partner interests	Tax liability	$857,394	-30,084	-9.3%	$28.50	292,051	14 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 Performance Unit - TUR	Options Exercise	$0	-70,226	-100%	$0.000000^*	0	14 Feb 2023	Common Units representing limited partner interests	70,226		Direct	F1
transaction	WES	2020 Performance Unit - ROA	Options Exercise	$0	-76,452	-100%	$0.000000^*	0	14 Feb 2023	Common Units representing limited partner interests	76,452		Direct	F1
holding	WES	2023 Phantom Units						105,263	13 Feb 2023	Common Units representing limited partner interests	105,263		Direct	F2, F3
holding	WES	2022 Phantom Units						57,803	13 Feb 2023	Common Units representing limited partner interests	57,803		Direct	F2, F3
holding	WES	2021 Phantom Units						41,982	13 Feb 2023	Common Units representing limited partner interests	41,982		Direct	F4, F5
holding	WES	2023 Performance Unit - TUR						52,632	13 Feb 2023	Common Units representing limited partner interests	52,632		Direct	F1
holding	WES	2023 Performance Unit - ROA						52,632	13 Feb 2023	Common Units representing limited partner interests	52,632		Direct	F1
holding	WES	2022 Performance Unit - TUR						43,353	13 Feb 2023	Common Units representing limited partner interests	43,353		Direct	F1
holding	WES	2022 Performance Unit - ROA						43,353	13 Feb 2023	Common Units representing limited partner interests	43,353		Direct	F1
holding	WES	2021 Performance Unit - TUR						110,201	13 Feb 2023	Common Units representing limited partner interests	110,201		Direct	F1
holding	WES	2021 Performance Unit - ROA						110,201	13 Feb 2023	Common Units representing limited partner interests	110,201		Direct	F1

* 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.
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.