Richard A. Loving - 03 Mar 2023 Form 4 Insider Report for DCP Midstream, LP

Role: Vice President and Controller
Signature: /s/ Kamal K. Gala, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 03 Mar 2023
Net transactions value: +$98,554
Form type: 4
Filing time: 07 Mar 2023, 17:37:49 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	$138,643	+3,320	+52%	$41.76	9,745	03 Mar 2023	Direct	F1
transaction	DCP	Common Units	Tax liability	$40,090	-960	-9.9%	$41.76	8,785	03 Mar 2023	Direct	F1, F2

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	-3,320	-37%	$0.000000	5,610	03 Mar 2023	Common Units	3,320		Direct	F3, F4

* 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	The reporting person satisfied the withholding tax liability by withholding common units.
F3	Each restricted phantom unit is the economic equivalent of one DCP common unit.
F4	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.