William L. Johnson - 03 Mar 2023 Form 4 Insider Report for DCP Midstream, LP

Role
President
Signature
/s/ Kamal K. Gala, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
03 Mar 2023
Net transactions value
+$328,317
Form type
4
Filing time
07 Mar 2023, 17:35:27 UTC
Previous filing
01 Mar 2022
Next filing
16 Jun 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DCP Common Units Options Exercise $486,922 +11,660 +199% $41.76 17,531 03 Mar 2023 Direct F1
transaction DCP Common Units Disposed to Issuer $24,346 -583 -3.3% $41.76 16,948 03 Mar 2023 Direct F1, F2
transaction DCP Common Units Tax liability $134,258 -3,215 -19% $41.76 13,733 03 Mar 2023 Direct F1, F3

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 DCP Restricted Phantom Units Options Exercise $0 -11,660 -32% $0.000000 24,820 03 Mar 2023 Common Units 11,660 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Based on the DCP common unit closing price on 2/24/2023.
F2 Upon the vesting of the restricted phantom units reported herein, 5% of the acquired common units were deferred pursuant to the reporting person's prior deferral election under a deferred compensation plan. The deferred common units are settled in cash in the deferred compensation plan.
F3 The reporting person settled the remaining restricted phantom units for an equal number of common units and satisfied the withholding tax liability by withholding common units.
F4 Each restricted phantom unit is the economic equivalent of one DCP common unit.
F5 Under the Company's Long-Term Incentive Plan, the restricted phantom units reported herein vested on 02/27/2023 and settled as of 03/03/2023.