Robert W. Bourne - May 15, 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
May 15, 2024
Transactions value $
$50,430
Form type
4
Date filed
5/16/2024, 04:02 PM
Previous filing
Feb 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WES Common Units representing limited partner interests Purchase $50.4K +1.35K +1.05% $37.25 131K May 15, 2024 Direct F1

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 2022 Phantom Units 5.78K May 15, 2024 Common Units representing limited partner interests 5.78K Direct F2, F3
holding WES 2022 Performance Unit - ROA 8.67K May 15, 2024 Common Units representing limited partner interests 8.67K Direct F4
holding WES 2022 Performance Unit - TUR 8.67K May 15, 2024 Common Units representing limited partner interests 8.67K Direct F4
holding WES 2023 Phantom Units 21.6K May 15, 2024 Common Units representing limited partner interests 21.6K Direct F5, F6
holding WES 2023 Performance Unit - ROA 16.2K May 15, 2024 Common Units representing limited partner interests 16.2K Direct F4
holding WES 2023 Performance Unit - TUR 16.2K May 15, 2024 Common Units representing limited partner interests 16.2K Direct F4
holding WES 2024 Phantom Units 44.8K May 15, 2024 Common Units representing limited partner interests 44.8K Direct F5, F6
holding WES 2024 Performance Unit - ROA 22.4K May 15, 2024 Common Units representing limited partner interests 22.4K Direct F4
holding WES 2024 Performance Unit - TUR 22.4K May 15, 2024 Common Units representing limited partner interests 22.4K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Units acquired under WES's distribution reinvestment plan.
F2 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
F3 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.
F4 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.
F5 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.
F6 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.