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

Role: SVP, North Operations
Signature: /s/ Philip C. Neisel, as attorney-in-fact
Issuer symbol: WES
Transactions as of: 12 Feb 2025
Net transactions value: -$499,691
Form type: 4
Filing time: 14 Feb 2025, 16:14:01 UTC
Previous filing: 14 Feb 2024
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	+2,789	+11%	$0.000000	29,101	12 Feb 2025	Direct
transaction	WES	Common Units representing limited partner interests	Tax liability	$50,316	-1,262	-4.3%	$39.87	27,839	12 Feb 2025	Direct
transaction	WES	Common Units representing limited partner interests	Options Exercise	$0	+10,819	+39%	$0.000000	38,658	12 Feb 2025	Direct
transaction	WES	Common Units representing limited partner interests	Tax liability	$188,745	-4,734	-12%	$39.87	33,924	12 Feb 2025	Direct
transaction	WES	Common Units representing limited partner interests	Options Exercise	$0	+14,940	+44%	$0.000000	48,864	12 Feb 2025	Direct
transaction	WES	Common Units representing limited partner interests	Tax liability	$260,630	-6,537	-13%	$39.87	42,327	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	-2,789	-100%	$0.000000	0	12 Feb 2025	Common Units representing limited partner interests	2,789	$0.000000	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	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.