Michael S. Forsyth - 12 Feb 2024 Form 4 Insider Report for Western Midstream Partners, LP (WES)

Reporting relationship: SVP, North Operations
Issuer ticker: WES
Reported as of: 12 Feb 2024
Net transaction value: -$191,976
SEC form: 4
Accepted by SEC: 14 Feb 2024, 18:38:37 UTC
Prior SEC filing: 14 Feb 2023
Next SEC filing: 14 Feb 2025
Source filing: View source filing
Reporting owner signature: /s/ Philip C. Neisel, as attorney-in-fact

Key filing fact

Michael S. Forsyth filed Form 4 for Western Midstream Partners, LP (WES) on 14 Feb 2024.

Key facts

This page summarizes Michael S. Forsyth's Form 4 filing for Western Midstream Partners, LP (WES).
12 reported transactions and 8 derivative rows are listed below.
Accepted by SEC: 14 Feb 2024, 18:38.

Change

Previous filing in this sequence was filed on 14 Feb 2023.
Current net transaction value: -$191,976.

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: +3,214
Change %: +20%
Price: $0.000000
Shares after: 19,441
Date: 12 Feb 2024
Ownership: Direct

WES transaction

Common Units representing limited partner interests

Tax liability

Transaction value: $39,416
Shares: -1,383
Change %: -7.1%
Price: $28.50
Shares after: 18,058
Date: 12 Feb 2024
Ownership: Direct

WES transaction

Common Units representing limited partner interests

Options Exercise

Transaction value: $0
Shares: +2,789
Change %: +15%
Price: $0.000000
Shares after: 20,847
Date: 12 Feb 2024
Ownership: Direct

WES transaction

Common Units representing limited partner interests

Tax liability

Transaction value: $31,236
Shares: -1,096
Change %: -5.3%
Price: $28.50
Shares after: 19,751
Date: 12 Feb 2024
Ownership: Direct

WES transaction

Common Units representing limited partner interests

Options Exercise

Transaction value: $0
Shares: +10,818
Change %: +55%
Price: $0.000000
Shares after: 30,569
Date: 12 Feb 2024
Ownership: Direct

WES transaction

Common Units representing limited partner interests

Tax liability

Transaction value: $121,324
Shares: -4,257
Change %: -14%
Price: $28.50
Shares after: 26,312
Date: 12 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: -3,214
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 12 Feb 2024
Ownership: Direct
Underlying class: Common Units representing limited partner interests
Underlying amount: 3,214
Exercise price
Footnotes: F1, F2

WES transaction Derivative

2022 Phantom Units

Options Exercise

Transaction value: $0
Shares: -2,789
Change %: -50%
Price: $0.000000
Shares after: 2,789
Date: 12 Feb 2024
Ownership: Direct
Underlying class: Common Units representing limited partner interests
Underlying amount: 2,789
Exercise price: $0.000000
Footnotes: F1, F2

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

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: F3

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: F3

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: F3

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: F3

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 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 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.