Daniel P. Holderman - 12 Feb 2025 Form 4 Insider Report for Western Midstream Partners, LP (WES)

Role
SVP & Chief Operating Officer
Signature
/s/ Philip C. Neisel, as attorney-in-fact
Issuer symbol
WES
Transactions as of
12 Feb 2025
Net transactions value
-$516,436
Form type
4
Filing time
14 Feb 2025, 16:07:43 UTC
Previous filing
14 Feb 2024
Next filing
21 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 +7,055 +44% $0.000000 22,942 12 Feb 2025 Direct
transaction WES Common Units representing limited partner interests Tax liability $112,274 -2,816 -12% $39.87 20,126 12 Feb 2025 Direct
transaction WES Common Units representing limited partner interests Options Exercise $0 +10,819 +54% $0.000000 30,945 12 Feb 2025 Direct
transaction WES Common Units representing limited partner interests Tax liability $169,766 -4,258 -14% $39.87 26,687 12 Feb 2025 Direct
transaction WES Common Units representing limited partner interests Options Exercise $0 +14,940 +56% $0.000000 41,627 12 Feb 2025 Direct
transaction WES Common Units representing limited partner interests Tax liability $234,396 -5,879 -14% $39.87 35,748 12 Feb 2025 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 2022 Phantom Units Options Exercise $0 -7,055 -100% $0.000000 0 12 Feb 2025 Common Units representing limited partner interests 7,055 Direct F1, F2
transaction WES 2023 Phantom Units Options Exercise $0 -10,819 -50% $0.000000 10,819 12 Feb 2025 Common Units representing limited partner interests 10,819 Direct F1, F3
transaction WES 2024 Phantom Units Options Exercise $0 -14,940 -33% $0.000000 29,879 12 Feb 2025 Common Units representing limited partner interests 14,940 Direct F1, F3
holding WES 2023 Performance Unit - ROA 16,228 12 Feb 2025 Common Units representing limited partner interests 16,228 Direct F4
holding WES 2023 Performance Unit - TUR 16,228 12 Feb 2025 Common Units representing limited partner interests 16,228 Direct F4
holding WES 2024 Performance Unit - ROA 22,409 12 Feb 2025 Common Units representing limited partner interests 22,409 Direct F4
holding WES 2024 Performance Unit - TUR 22,409 12 Feb 2025 Common Units representing limited partner interests 22,409 Direct F4
* 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 The Phantom Units vest in three annual installments 20% on February 12, 2023, 40% on February 12, 2024, and 40% on February 12, 2025, and will pay distribution equivalent rights in cash prior to vesting.
F3 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.
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.