Alejandro O. Nebreda - May 1, 2023 Form 3 Insider Report for Western Midstream Partners, LP (WES)

Role
SVP, Business Services
Signature
/s/ Philip C. Neisel, as attorney-in-fact
Stock symbol
WES
Transactions as of
May 1, 2023
Transactions value $
$0
Form type
3
Date filed
5/9/2023, 04:03 PM
Next filing
Feb 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding WES Common Units representing limited partner interests 46.6K May 1, 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 May 1, 2023 Common Units representing limited partner interests 7.14K Direct F1, F2
holding WES 2022 Phantom Units May 1, 2023 Common Units representing limited partner interests 22.9K Direct F1, F2
holding WES 2023 Phantom Units May 1, 2023 Common Units representing limited partner interests 32.6K Direct F1, F2
holding WES 2023 Performance Unit - TUR May 1, 2023 Common Units representing limited partner interests 16.3K Direct F3
holding WES 2023 Performance Unit - ROA May 1, 2023 Common Units representing limited partner interests 16.3K 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.