Catherine A. Green - 12 Feb 2024 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
12 Feb 2024
Net transactions value
-$400,069
Form type
4
Filing time
14 Feb 2024, 18:40:10 UTC
Previous filing
15 Feb 2023
Next filing
14 Feb 2025
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 Options Exercise $0 +4,198 +15% $0.000000 32,623 12 Feb 2024 Direct
transaction WES Common Units representing limited partner interests Tax liability $51,044 -1,791 -5.5% $28.50 30,832 12 Feb 2024 Direct
transaction WES Common Units representing limited partner interests Options Exercise $0 +4,175 +14% $0.000000 35,007 12 Feb 2024 Direct
transaction WES Common Units representing limited partner interests Tax liability $46,826 -1,643 -4.7% $28.50 33,364 12 Feb 2024 Direct
transaction WES Common Units representing limited partner interests Options Exercise $0 +7,017 +21% $0.000000 40,381 12 Feb 2024 Direct
transaction WES Common Units representing limited partner interests Tax liability $78,717 -2,762 -6.8% $28.50 37,619 12 Feb 2024 Direct
transaction WES Common Units representing limited partner interests Options Exercise $0 +10,913 +29% $0.000000 48,532 13 Feb 2024 Direct
transaction WES Common Units representing limited partner interests Tax liability $119,788 -4,295 -8.8% $27.89 44,237 13 Feb 2024 Direct
transaction WES Common Units representing limited partner interests Options Exercise $0 +9,446 +21% $0.000000 53,683 13 Feb 2024 Direct
transaction WES Common Units representing limited partner interests Tax liability $103,695 -3,718 -6.9% $27.89 49,965 13 Feb 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 -4,198 -100% $0.000000* 0 12 Feb 2024 Common Units representing limited partner interests 4,198 Direct F1, F2
transaction WES 2022 Phantom Units Options Exercise $0 -4,175 -50% $0.000000 4,175 12 Feb 2024 Common Units representing limited partner interests 4,175 Direct F3, F4
transaction WES 2023 Phantom Units Options Exercise $0 -7,017 -33% $0.000000 14,036 12 Feb 2024 Common Units representing limited partner interests 7,017 Direct F3, F4
transaction WES 2021 Performance Unit - ROA Options Exercise $0 -10,913 -100% $0.000000* 0 13 Feb 2024 Common Units representing limited partner interests 10,913 Direct F5
transaction WES 2021 Performance Unit - TUR Options Exercise $0 -9,446 -100% $0.000000* 0 13 Feb 2024 Common Units representing limited partner interests 9,446 Direct F5
transaction WES 2024 Phantom Units Award $0 +35,855 $0.000000 35,855 13 Feb 2024 Common Units representing limited partner interests 35,855 Direct F3, F4
transaction WES 2024 Performance Unit - ROA Award $0 +17,928 $0.000000 17,928 13 Feb 2024 Common Units representing limited partner interests 17,928 Direct F5
transaction WES 2024 Performance Unit - TUR Award $0 +17,928 $0.000000 17,928 13 Feb 2024 Common Units representing limited partner interests 17,928 Direct F5
holding WES 2022 Performance Unit - ROA 6,262 12 Feb 2024 Common Units representing limited partner interests 6,262 Direct F5
holding WES 2022 Performance Unit - TUR 6,262 12 Feb 2024 Common Units representing limited partner interests 6,262 Direct F5
holding WES 2023 Performance Unit - ROA 10,526 12 Feb 2024 Common Units representing limited partner interests 10,526 Direct F5
holding WES 2023 Performance Unit - TUR 10,526 12 Feb 2024 Common Units representing limited partner interests 10,526 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, entitled to receive a common unit
F2 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.
F3 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.
F4 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.
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.