Kristen S. Shults - 12 Feb 2025 Form 4 Insider Report for Western Midstream Partners, LP (WES)

Role: SVP & Chief Financial Officer
Signature: /s/ Philip C. Neisel, as attorney-in-fact
Issuer symbol: WES
Transactions as of: 12 Feb 2025
Net transactions value: -$648,645
Form type: 4
Filing time: 14 Feb 2025, 16:08:51 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	+15,511	+38%	$0.000000	56,508	12 Feb 2025	Direct
transaction	WES	Common Units representing limited partner interests	Tax liability	$244,483	-6,132	-11%	$39.87	50,376	12 Feb 2025	Direct
transaction	WES	Common Units representing limited partner interests	Options Exercise	$0	+10,819	+21%	$0.000000	61,195	12 Feb 2025	Direct
transaction	WES	Common Units representing limited partner interests	Tax liability	$169,766	-4,258	-7%	$39.87	56,937	12 Feb 2025	Direct
transaction	WES	Common Units representing limited partner interests	Options Exercise	$0	+14,940	+26%	$0.000000	71,877	12 Feb 2025	Direct
transaction	WES	Common Units representing limited partner interests	Tax liability	$234,396	-5,879	-8.2%	$39.87	65,998	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	-15,511	-100%	$0.000000	0	12 Feb 2025	Common Units representing limited partner interests	15,511		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, F2
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, F2
holding	WES	2022 Performance Unit - ROA						10,838	12 Feb 2025	Common Units representing limited partner interests	10,838		Direct	F3
holding	WES	2022 Performance Unit - TUR						10,838	12 Feb 2025	Common Units representing limited partner interests	10,838		Direct	F3
holding	WES	2023 Performance Unit - ROA						16,228	12 Feb 2025	Common Units representing limited partner interests	16,228		Direct	F3
holding	WES	2023 Performance Unit - TUR						16,228	12 Feb 2025	Common Units representing limited partner interests	16,228		Direct	F3
holding	WES	2024 Performance Unit - ROA						22,409	12 Feb 2025	Common Units representing limited partner interests	22,409		Direct	F3
holding	WES	2024 Performance Unit - TUR						22,409	12 Feb 2025	Common Units representing limited partner interests	22,409		Direct	F3

* 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 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.