Catherine A. Green - 13 Feb 2023 Form 4 Insider Report for Western Midstream Partners, LP (WES)

Role: SVP & Chief Accounting Officer
Signature: /s/ Philip C. Neisel, as attorney-in-fact
Issuer symbol: WES
Transactions as of: 13 Feb 2023
Net transactions value: -$139,545
Form type: 4
Filing time: 15 Feb 2023, 15:44:25 UTC
Previous filing: 14 Feb 2023
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	Award	$0	+221	+1.1%	$0.000000	21,097	13 Feb 2023	Direct
transaction	WES	Common Units representing limited partner interests	Tax liability	$2,460	-87	-0.41%	$28.28	21,010	13 Feb 2023	Direct
transaction	WES	Common Units representing limited partner interests	Options Exercise	$0	+5,853	+28%	$0.000000	26,863	14 Feb 2023	Direct
transaction	WES	Common Units representing limited partner interests	Tax liability	$65,636	-2,303	-8.6%	$28.50	24,560	14 Feb 2023	Direct
transaction	WES	Common Units representing limited partner interests	Options Exercise	$0	+6,372	+26%	$0.000000	30,932	14 Feb 2023	Direct
transaction	WES	Common Units representing limited partner interests	Tax liability	$71,450	-2,507	-8.1%	$28.50	28,425	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	-5,853	-100%	$0.000000^*	0	14 Feb 2023	Common Units representing limited partner interests	5,853		Direct	F1
transaction	WES	2020 Performance Unit - ROA	Options Exercise	$0	-6,372	-100%	$0.000000^*	0	14 Feb 2023	Common Units representing limited partner interests	6,372		Direct	F1
holding	WES	2023 Phantom Units						21,053	13 Feb 2023	Common Units representing limited partner interests	21,053		Direct	F2, F3
holding	WES	2022 Phantom Units						8,350	13 Feb 2023	Common Units representing limited partner interests	8,350		Direct	F2, F3
holding	WES	2021 Phantom Units						4,198	13 Feb 2023	Common Units representing limited partner interests	4,198		Direct	F4, F5
holding	WES	2023 Performance Unit - TUR						10,526	13 Feb 2023	Common Units representing limited partner interests	10,526		Direct	F1
holding	WES	2023 Performance Unit - ROA						10,526	13 Feb 2023	Common Units representing limited partner interests	10,526		Direct	F1
holding	WES	2022 Performance Unit - TUR						6,262	13 Feb 2023	Common Units representing limited partner interests	6,262		Direct	F1
holding	WES	2022 Performance Unit - ROA						6,262	13 Feb 2023	Common Units representing limited partner interests	6,262		Direct	F1
holding	WES	2021 Performance Unit - TUR						6,297	13 Feb 2023	Common Units representing limited partner interests	6,297		Direct	F1
holding	WES	2021 Performance Unit - ROA						6,297	13 Feb 2023	Common Units representing limited partner interests	6,297		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.