Michael Ure - 20 May 2024 Form 4 Insider Report for Western Midstream Partners, LP (WES)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
20 May 2024, 16:28:13 UTC
Prior SEC filing
01 Mar 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Philip C. Neisel, as attorney-in-fact

Key filing fact

Michael Ure filed Form 4 for Western Midstream Partners, LP (WES) on 20 May 2024.

Key facts

  • This page summarizes Michael Ure's Form 4 filing for Western Midstream Partners, LP (WES).
  • 1 reported transaction and 9 derivative rows are listed below.
  • Accepted by SEC: 20 May 2024, 16:28.

Change

  • Previous filing in this sequence was filed on 01 Mar 2024.
  • Current net transaction value: $0.

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

Gift

Transaction value
$0
Shares
-22,000
Change %
-3.9%
Price
$0.000000
Shares after
539,404
Date
20 May 2024
Ownership
Direct
Footnotes
F1

Reported derivative securities

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

WES holding Derivative

2022 Phantom Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
28,902
Date
20 May 2024
Ownership
Direct
Underlying class
Common Units representing limited partner interests
Underlying amount
28,902
Exercise price
Footnotes
F2, F3
WES holding Derivative

2022 Performance Unit - TUR

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
43,353
Date
20 May 2024
Ownership
Direct
Underlying class
Common Units representing limited partner interests
Underlying amount
43,353
Exercise price
Footnotes
F4
WES holding Derivative

2022 Performance Unit - ROA

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
43,353
Date
20 May 2024
Ownership
Direct
Underlying class
Common Units representing limited partner interests
Underlying amount
43,353
Exercise price
Footnotes
F4
WES holding Derivative

2023 Phantom Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
70,176
Date
20 May 2024
Ownership
Direct
Underlying class
Common Units representing limited partner interests
Underlying amount
70,176
Exercise price
Footnotes
F2, F3
WES holding Derivative

2023 Performance Unit - TUR

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
52,632
Date
20 May 2024
Ownership
Direct
Underlying class
Common Units representing limited partner interests
Underlying amount
52,632
Exercise price
Footnotes
F4
WES holding Derivative

2023 Performance Unit - ROA

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
52,632
Date
20 May 2024
Ownership
Direct
Underlying class
Common Units representing limited partner interests
Underlying amount
52,632
Exercise price
Footnotes
F4
WES holding Derivative

2024 Phantom Units

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
150,592
Date
20 May 2024
Ownership
Direct
Underlying class
Common Units representing limited partner interests
Underlying amount
150,592
Exercise price
Footnotes
F2, F3
WES holding Derivative

2024 Performance Unit - TUR

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
75,296
Date
20 May 2024
Ownership
Direct
Underlying class
Common Units representing limited partner interests
Underlying amount
75,296
Exercise price
Footnotes
F4
WES holding Derivative

2024 Performance Unit - ROA

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
75,296
Date
20 May 2024
Ownership
Direct
Underlying class
Common Units representing limited partner interests
Underlying amount
75,296
Exercise price
Footnotes
F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Units transferred in connection with a donation to a charitable institution.

Footnote F2

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 F3

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 F4

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.

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