Nebreda Alejandro O - 01 May 2023 Form 3 Insider Report for Western Midstream Partners, LP (WES)

Role: SVP, Business Services
Signature: /s/ Philip C. Neisel, as attorney-in-fact
Issuer symbol: WES
Transactions as of: 01 May 2023
Net transactions value: $0
Form type: 3
Filing time: 09 May 2023, 16:03:02 UTC
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
holding	WES	Common Units representing limited partner interests						46,576	01 May 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
holding	WES	2021 Phantom Units							01 May 2023	Common Units representing limited partner interests	7,142		Direct	F1, F2
holding	WES	2022 Phantom Units							01 May 2023	Common Units representing limited partner interests	22,945		Direct	F1, F2
holding	WES	2023 Phantom Units							01 May 2023	Common Units representing limited partner interests	32,593		Direct	F1, F2
holding	WES	2023 Performance Unit - TUR							01 May 2023	Common Units representing limited partner interests	16,297		Direct	F3
holding	WES	2023 Performance Unit - ROA							01 May 2023	Common Units representing limited partner interests	16,297		Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	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.
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	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.