Christopher B. Dial - 20 Feb 2025 Form 4 Insider Report for Western Midstream Partners, LP (WES)

Role
SVP, GC and Secretary
Signature
/s/ Philip C. Neisel, as attorney-in-fact
Issuer symbol
WES
Transactions as of
20 Feb 2025
Net transactions value
-$478,329
Form type
4
Filing time
21 Feb 2025, 16:07:12 UTC
Previous filing
14 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 +13,007 +8.6% $0.000000 164,690 20 Feb 2025 Direct
transaction WES Common Units representing limited partner interests Tax liability $213,104 -5,119 -3.1% $41.63 159,571 20 Feb 2025 Direct
transaction WES Common Units representing limited partner interests Options Exercise $0 +16,189 +10% $0.000000 175,760 20 Feb 2025 Direct
transaction WES Common Units representing limited partner interests Tax liability $265,225 -6,371 -3.6% $41.63 169,389 20 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 Performance Unit - TUR Options Exercise $0 -13,007 -100% $0.000000 0 20 Feb 2025 Common Units representing limited partner interests 13,007 Direct F1
transaction WES 2022 Performance Unit - ROA Options Exercise $0 -16,189 -100% $0.000000 0 20 Feb 2025 Common Units representing limited partner interests 16,189 Direct F1
transaction WES 2025 Phantom Units Award $0 +30,026 $0.000000 30,026 20 Feb 2025 Common Units representing limited partner interests 30,026 Direct F2, F3
transaction WES 2025 Performance Unit-TUR Award $0 +15,013 $0.000000 15,013 20 Feb 2025 Common Units representing limited partner interests 15,013 Direct F1
transaction WES 2025 Performance Unit-ROA Award $0 +15,013 $0.000000 15,013 20 Feb 2025 Common Units representing limited partner interests 15,013 Direct F1
holding WES 2023 Phantom Units 10,819 20 Feb 2025 Common Units representing limited partner interests 10,819 Direct F2, F3
holding WES 2023 Performance Unit - TUR 16,228 20 Feb 2025 Common Units representing limited partner interests 16,228 Direct F1
holding WES 2023 Performance Unit - ROA 16,228 20 Feb 2025 Common Units representing limited partner interests 16,228 Direct F1
holding WES 2024 Phantom Units 29,879 20 Feb 2025 Common Units representing limited partner interests 29,879 Direct F2, F3
holding WES 2024 Performance Unit - TUR 22,409 20 Feb 2025 Common Units representing limited partner interests 22,409 Direct F1
holding WES 2024 Performance Unit - ROA 22,409 20 Feb 2025 Common Units representing limited partner interests 22,409 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
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.