Robert W. Bourne - Feb 12, 2024 Form 4 Insider Report for Western Midstream Partners, LP (WES)

Role
SVP & Chief Commercial Officer
Signature
/s/ Philip C. Neisel, as attorney-in-fact
Stock symbol
WES
Transactions as of
Feb 12, 2024
Transactions value $
-$1,053,554
Form type
4
Date filed
2/14/2024, 06:31 PM
Previous filing
Feb 15, 2023
Next filing
May 16, 2024

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 +7.35K +10.26% $0.00 79K Feb 12, 2024 Direct
transaction WES Common Units representing limited partner interests Tax liability -$85.3K -2.99K -3.79% $28.50 76K Feb 12, 2024 Direct
transaction WES Common Units representing limited partner interests Options Exercise $0 +5.78K +7.61% $0.00 81.8K Feb 12, 2024 Direct
transaction WES Common Units representing limited partner interests Tax liability -$64.8K -2.28K -2.78% $28.50 79.5K Feb 12, 2024 Direct
transaction WES Common Units representing limited partner interests Options Exercise $0 +10.8K +13.61% $0.00 90.3K Feb 12, 2024 Direct
transaction WES Common Units representing limited partner interests Tax liability -$121K -4.26K -4.71% $28.50 86.1K Feb 12, 2024 Direct
transaction WES Common Units representing limited partner interests Options Exercise $0 +38.2K +44.39% $0.00 124K Feb 13, 2024 Direct
transaction WES Common Units representing limited partner interests Tax liability -$419K -15K -12.1% $27.89 109K Feb 13, 2024 Direct
transaction WES Common Units representing limited partner interests Options Exercise $0 +33.1K +30.27% $0.00 142K Feb 13, 2024 Direct
transaction WES Common Units representing limited partner interests Tax liability -$363K -13K -9.14% $27.89 129K Feb 13, 2024 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 2021 Phantom Units Options Exercise $0 -7.35K -100% $0.00* 0 Feb 12, 2024 Common Units representing limited partner interests 7.35K Direct F1, F2
transaction WES 2022 Phantom Units Options Exercise $0 -5.78K -50% $0.00 5.78K Feb 12, 2024 Common Units representing limited partner interests 5.78K Direct F3, F4
transaction WES 2023 Phantom Units Options Exercise $0 -10.8K -33.33% $0.00 21.6K Feb 12, 2024 Common Units representing limited partner interests 10.8K Direct F1, F2
transaction WES 2021 Performance Unit - ROA Options Exercise $0 -38.2K -100% $0.00* 0 Feb 13, 2024 Common Units representing limited partner interests 38.2K Direct F5
transaction WES 2021 Performance Unit - TUR Options Exercise $0 -33.1K -100% $0.00* 0 Feb 13, 2024 Common Units representing limited partner interests 33.1K Direct F5
transaction WES 2024 Phantom Units Award $0 +44.8K $0.00 44.8K Feb 13, 2024 Common Units representing limited partner interests 44.8K Direct F1, F2
transaction WES 2024 Performance Unit - ROA Award $0 +22.4K $0.00 22.4K Feb 13, 2024 Common Units representing limited partner interests 22.4K Direct F5
transaction WES 2024 Performance Unit - TUR Award $0 +22.4K $0.00 22.4K Feb 13, 2024 Common Units representing limited partner interests 22.4K Direct F5
holding WES 2023 Performance Unit - ROA 16.2K Feb 12, 2024 Common Units representing limited partner interests 16.2K Direct F5
holding WES 2023 Performance Unit - TUR 16.2K Feb 12, 2024 Common Units representing limited partner interests 16.2K Direct F5
holding WES 2022 Performance Unit - ROA 8.67K Feb 12, 2024 Common Units representing limited partner interests 8.67K Direct F5
holding WES 2022 Performance Unit - TUR 8.67K Feb 12, 2024 Common Units representing limited partner interests 8.67K Direct F5
* 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 Phantom Unit is the economic equivalent of one WES Common Unit representing limited partnership interests, and upon vesting, entitled to receive a common unit
F4 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.
F5 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.