Christopher B. Dial - 12 Feb 2026 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: 12 Feb 2026
Net transactions value: -$1,531,461
Form type: 4
Filing time: 13 Feb 2026, 17:24:16 UTC
Previous filing: 21 Feb 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Dial Christopher B.	SVP, GC and Secretary	9950 WOODLOCH FOREST DR., THE WOODLANDS	/s/ Philip C. Neisel, as attorney-in-fact	13 Feb 2026	0001729009

This filing has been restated, see here for the amended filing

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	+10,819	+6.4%	$0.000000	180,208	12 Feb 2026	Direct
transaction	WES	Common Units representing limited partner interests	Tax liability	$180,326	-4,258	-2.4%	$42.35	175,950	12 Feb 2026	Direct
transaction	WES	Common Units representing limited partner interests	Options Exercise	$0	+14,940	+8.5%	$0.000000	190,890	12 Feb 2026	Direct
transaction	WES	Common Units representing limited partner interests	Sale	$248,976	-5,879	-3.1%	$42.35	185,011	12 Feb 2026	Direct
transaction	WES	Common Units representing limited partner interests	Options Exercise	$0	+10,009	+5.4%	$0.000000	195,020	12 Feb 2026	Direct
transaction	WES	Common Units representing limited partner interests	Tax liability	$166,817	-3,939	-2%	$42.35	191,081	12 Feb 2026	Direct
transaction	WES	Common Units representing limited partner interests	Options Exercise	$0	+25,316	+13%	$0.000000	216,397	12 Feb 2026	Direct
transaction	WES	Common Units representing limited partner interests	Tax liability	$421,891	-9,962	-4.6%	$42.35	206,435	12 Feb 2026	Direct
transaction	WES	Common Units representing limited partner interests	Options Exercise	$0	+30,704	+15%	$0.000000	237,139	12 Feb 2026	Direct
transaction	WES	Common Units representing limited partner interests	Tax liability	$513,451	-12,124	-5.1%	$42.35	225,015	12 Feb 2026	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	2023 Phantom Units	Options Exercise	$0	-10,819	-100%	$0.000000	0	12 Feb 2026	Common Units representing limited partner interests	10,819		Direct	F1, F2
transaction	WES	2023 Performance Unit - TUR	Options Exercise	$0	-25,316	-100%	$0.000000	0	12 Feb 2026	Common Units representing limited partner interests	25,316		Direct	F3
transaction	WES	2023 Performance Unit - ROA	Options Exercise	$0	-30,704	-100%	$0.000000	0	12 Feb 2026	Common Units representing limited partner interests	30,704		Direct	F3
transaction	WES	2024 Phantom Units	Options Exercise	$0	-14,940	-50%	$0.000000	14,939	12 Feb 2026	Common Units representing limited partner interests	14,940		Direct	F1, F2
transaction	WES	2025 Phantom Units	Options Exercise	$0	-10,009	-33%	$0.000000	20,017	12 Feb 2026	Common Units representing limited partner interests	10,009		Direct	F1, F2
transaction	WES	2026 Phantom Units	Award	$0	+32,468		$0.000000	32,468	12 Feb 2026	Common Units representing limited partner interests	32,468		Direct	F1, F2
transaction	WES	2026 Performance Unit - TUR	Award	$0	+16,234		$0.000000	16,234	12 Feb 2026	Common Units representing limited partner interests	16,234		Direct	F4
transaction	WES	2026 Performance Unit - ROA	Award	$0	+16,234		$0.000000	16,234	12 Feb 2026	Common Units representing limited partner interests	16,234		Direct	F4
holding	WES	2024 Performance Unit - TUR						22,409	12 Feb 2026	Common Units representing limited partner interests	22,409		Direct	F3
holding	WES	2024 Performance Unit - ROA						22,409	12 Feb 2026	Common Units representing limited partner interests	22,409		Direct	F3
holding	WES	2025 Performance Unit-TUR						15,013	12 Feb 2026	Common Units representing limited partner interests	15,013		Direct	F3
holding	WES	2025 Performance Unit-ROA						15,013	12 Feb 2026	Common Units representing limited partner interests	15,013		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.
F4	Each performance-based unit represents the right to receive, following vesting, between 0% and 200% of one WES Common Unit (or cash equivalent) based upon the achievement of pre-established performance metrics over a 3-year performance period.