Robert W. Bourne - 12 Feb 2024 Form 4 Insider Report for Western Midstream Partners, LP (WES)

Reporting relationship: SVP & Chief Commercial Officer
Issuer ticker: WES
Reported as of: 12 Feb 2024
Net transaction value: -$1,053,554
SEC form: 4
Accepted by SEC: 14 Feb 2024, 18:31:16 UTC
Prior SEC filing: 15 Feb 2023
Next SEC filing: 16 May 2024
Source filing: View source filing
Reporting owner signature: /s/ Philip C. Neisel, as attorney-in-fact

Key filing fact

Robert W. Bourne filed Form 4 for Western Midstream Partners, LP (WES) on 14 Feb 2024.

Key facts

This page summarizes Robert W. Bourne's Form 4 filing for Western Midstream Partners, LP (WES).
18 reported transactions and 12 derivative rows are listed below.
Accepted by SEC: 14 Feb 2024, 18:31.

Change

Previous filing in this sequence was filed on 15 Feb 2023.
Current net transaction value: -$1,053,554.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

WES transaction

Common Units representing limited partner interests

Options Exercise

Transaction value: $0
Shares: +7,347
Change %: +10%
Price: $0.000000
Shares after: 78,984
Date: 12 Feb 2024
Ownership: Direct

WES transaction

Common Units representing limited partner interests

Tax liability

Transaction value: $85,329
Shares: -2,994
Change %: -3.8%
Price: $28.50
Shares after: 75,990
Date: 12 Feb 2024
Ownership: Direct

WES transaction

Common Units representing limited partner interests

Options Exercise

Transaction value: $0
Shares: +5,780
Change %: +7.6%
Price: $0.000000
Shares after: 81,770
Date: 12 Feb 2024
Ownership: Direct

WES transaction

Common Units representing limited partner interests

Tax liability

Transaction value: $64,838
Shares: -2,275
Change %: -2.8%
Price: $28.50
Shares after: 79,495
Date: 12 Feb 2024
Ownership: Direct

WES transaction

Common Units representing limited partner interests

Options Exercise

Transaction value: $0
Shares: +10,818
Change %: +14%
Price: $0.000000
Shares after: 90,313
Date: 12 Feb 2024
Ownership: Direct

WES transaction

Common Units representing limited partner interests

Tax liability

Transaction value: $121,324
Shares: -4,257
Change %: -4.7%
Price: $28.50
Shares after: 86,056
Date: 12 Feb 2024
Ownership: Direct

WES transaction

Common Units representing limited partner interests

Options Exercise

Transaction value: $0
Shares: +38,196
Change %: +44%
Price: $0.000000
Shares after: 124,252
Date: 13 Feb 2024
Ownership: Direct

WES transaction

Common Units representing limited partner interests

Tax liability

Transaction value: $419,215
Shares: -15,031
Change %: -12%
Price: $27.89
Shares after: 109,221
Date: 13 Feb 2024
Ownership: Direct

WES transaction

Common Units representing limited partner interests

Options Exercise

Transaction value: $0
Shares: +33,060
Change %: +30%
Price: $0.000000
Shares after: 142,281
Date: 13 Feb 2024
Ownership: Direct

WES transaction

Common Units representing limited partner interests

Tax liability

Transaction value: $362,849
Shares: -13,010
Change %: -9.1%
Price: $27.89
Shares after: 129,271
Date: 13 Feb 2024
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

WES transaction Derivative

2021 Phantom Units

Options Exercise

Transaction value: $0
Shares: -7,347
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 12 Feb 2024
Ownership: Direct
Underlying class: Common Units representing limited partner interests
Underlying amount: 7,347
Exercise price
Footnotes: F1, F2

WES transaction Derivative

2022 Phantom Units

Options Exercise

Transaction value: $0
Shares: -5,780
Change %: -50%
Price: $0.000000
Shares after: 5,781
Date: 12 Feb 2024
Ownership: Direct
Underlying class: Common Units representing limited partner interests
Underlying amount: 5,780
Exercise price
Footnotes: F3, F4

WES transaction Derivative

2023 Phantom Units

Options Exercise

Transaction value: $0
Shares: -10,818
Change %: -33%
Price: $0.000000
Shares after: 21,638
Date: 12 Feb 2024
Ownership: Direct
Underlying class: Common Units representing limited partner interests
Underlying amount: 10,818
Exercise price
Footnotes: F1, F2

WES transaction Derivative

2021 Performance Unit - ROA

Options Exercise

Transaction value: $0
Shares: -38,196
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 13 Feb 2024
Ownership: Direct
Underlying class: Common Units representing limited partner interests
Underlying amount: 38,196
Exercise price
Footnotes: F5

WES transaction Derivative

2021 Performance Unit - TUR

Options Exercise

Transaction value: $0
Shares: -33,060
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 13 Feb 2024
Ownership: Direct
Underlying class: Common Units representing limited partner interests
Underlying amount: 33,060
Exercise price
Footnotes: F5

WES transaction Derivative

2024 Phantom Units

Award

Transaction value: $0
Shares: +44,819
Change %
Price: $0.000000
Shares after: 44,819
Date: 13 Feb 2024
Ownership: Direct
Underlying class: Common Units representing limited partner interests
Underlying amount: 44,819
Exercise price
Footnotes: F1, F2

WES transaction Derivative

2024 Performance Unit - ROA

Award

Transaction value: $0
Shares: +22,409
Change %
Price: $0.000000
Shares after: 22,409
Date: 13 Feb 2024
Ownership: Direct
Underlying class: Common Units representing limited partner interests
Underlying amount: 22,409
Exercise price
Footnotes: F5

WES transaction Derivative

2024 Performance Unit - TUR

Award

Transaction value: $0
Shares: +22,409
Change %
Price: $0.000000
Shares after: 22,409
Date: 13 Feb 2024
Ownership: Direct
Underlying class: Common Units representing limited partner interests
Underlying amount: 22,409
Exercise price
Footnotes: F5

WES holding Derivative

2023 Performance Unit - ROA

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 16,228
Date: 12 Feb 2024
Ownership: Direct
Underlying class: Common Units representing limited partner interests
Underlying amount: 16,228
Exercise price
Footnotes: F5

WES holding Derivative

2023 Performance Unit - TUR

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 16,228
Date: 12 Feb 2024
Ownership: Direct
Underlying class: Common Units representing limited partner interests
Underlying amount: 16,228
Exercise price
Footnotes: F5

WES holding Derivative

2022 Performance Unit - ROA

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 8,671
Date: 12 Feb 2024
Ownership: Direct
Underlying class: Common Units representing limited partner interests
Underlying amount: 8,671
Exercise price
Footnotes: F5

WES holding Derivative

2022 Performance Unit - TUR

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 8,671
Date: 12 Feb 2024
Ownership: Direct
Underlying class: Common Units representing limited partner interests
Underlying amount: 8,671
Exercise price
Footnotes: F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote 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.

Footnote 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.

Footnote F3

Each Phantom Unit is the economic equivalent of one WES Common Unit representing limited partnership interests, and upon vesting, entitled to receive a common unit

Footnote F4

The phantom units vest in three annual installments beginning one year after the date of grant, and will pay distribution equivalent rights prior to vesting in the form of WES Common Units.

Footnote F5

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.