Catherine A. Green - 12 Feb 2025 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 2025
Net transactions value: -$366,086
Form type: 4
Filing time: 14 Feb 2025, 16:12:51 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	+4,175	+8.4%	$0.000000	54,140	12 Feb 2025	Direct
transaction	WES	Common Units representing limited partner interests	Tax liability	$68,417	-1,716	-3.2%	$39.87	52,424	12 Feb 2025	Direct
transaction	WES	Common Units representing limited partner interests	Options Exercise	$0	+7,018	+13%	$0.000000	59,442	12 Feb 2025	Direct
transaction	WES	Common Units representing limited partner interests	Tax liability	$110,121	-2,762	-4.6%	$39.87	56,680	12 Feb 2025	Direct
transaction	WES	Common Units representing limited partner interests	Options Exercise	$0	+11,952	+21%	$0.000000	68,632	12 Feb 2025	Direct
transaction	WES	Common Units representing limited partner interests	Tax liability	$187,548	-4,704	-6.9%	$39.87	63,928	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	-4,175	-100%	$0.000000	0	12 Feb 2025	Common Units representing limited partner interests	4,175		Direct	F1, F2
transaction	WES	2023 Phantom Units	Options Exercise	$0	-7,018	-50%	$0.000000	7,018	12 Feb 2025	Common Units representing limited partner interests	7,018		Direct	F1, F2
transaction	WES	2024 Phantom Units	Options Exercise	$0	-11,952	-33%	$0.000000	23,903	12 Feb 2025	Common Units representing limited partner interests	11,952		Direct	F1, F2
holding	WES	2022 Performance Unit - ROA						6,262	12 Feb 2025	Common Units representing limited partner interests	6,262		Direct	F3
holding	WES	2022 Performance Unit - TUR						6,262	12 Feb 2025	Common Units representing limited partner interests	6,262		Direct	F3
holding	WES	2023 Performance Unit - ROA						10,526	12 Feb 2025	Common Units representing limited partner interests	10,526		Direct	F3
holding	WES	2023 Performance Unit - TUR						10,526	12 Feb 2025	Common Units representing limited partner interests	10,526		Direct	F3
holding	WES	2024 Performance Unit - ROA						17,928	12 Feb 2025	Common Units representing limited partner interests	17,928		Direct	F3
holding	WES	2024 Performance Unit - TUR						17,928	12 Feb 2025	Common Units representing limited partner interests	17,928		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.