Daniel P. Holderman - 12 Feb 2025 Form 4 Insider Report for Western Midstream Partners, LP (WES)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
14 Feb 2025, 16:07:43 UTC
Prior SEC filing
14 Feb 2024
Next SEC filing
21 Feb 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Philip C. Neisel, as attorney-in-fact

Key filing fact

Daniel P. Holderman filed Form 4 for Western Midstream Partners, LP (WES) on 14 Feb 2025.

Key facts

  • This page summarizes Daniel P. Holderman's Form 4 filing for Western Midstream Partners, LP (WES).
  • 9 reported transactions and 7 derivative rows are listed below.
  • Accepted by SEC: 14 Feb 2025, 16:07.

Change

  • Previous filing in this sequence was filed on 14 Feb 2024.
  • Current net transaction value: -$516,436.

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
+7,055
Change %
+44%
Price
$0.000000
Shares after
22,942
Date
12 Feb 2025
Ownership
Direct
WES transaction

Common Units representing limited partner interests

Tax liability

Transaction value
$112,274
Shares
-2,816
Change %
-12%
Price
$39.87
Shares after
20,126
Date
12 Feb 2025
Ownership
Direct
WES transaction

Common Units representing limited partner interests

Options Exercise

Transaction value
$0
Shares
+10,819
Change %
+54%
Price
$0.000000
Shares after
30,945
Date
12 Feb 2025
Ownership
Direct
WES transaction

Common Units representing limited partner interests

Tax liability

Transaction value
$169,766
Shares
-4,258
Change %
-14%
Price
$39.87
Shares after
26,687
Date
12 Feb 2025
Ownership
Direct
WES transaction

Common Units representing limited partner interests

Options Exercise

Transaction value
$0
Shares
+14,940
Change %
+56%
Price
$0.000000
Shares after
41,627
Date
12 Feb 2025
Ownership
Direct
WES transaction

Common Units representing limited partner interests

Tax liability

Transaction value
$234,396
Shares
-5,879
Change %
-14%
Price
$39.87
Shares after
35,748
Date
12 Feb 2025
Ownership
Direct

Reported derivative securities

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

WES transaction Derivative

2022 Phantom Units

Options Exercise

Transaction value
$0
Shares
-7,055
Change %
-100%
Price
$0.000000
Shares after
0
Date
12 Feb 2025
Ownership
Direct
Underlying class
Common Units representing limited partner interests
Underlying amount
7,055
Exercise price
Footnotes
F1, F2
WES transaction Derivative

2023 Phantom Units

Options Exercise

Transaction value
$0
Shares
-10,819
Change %
-50%
Price
$0.000000
Shares after
10,819
Date
12 Feb 2025
Ownership
Direct
Underlying class
Common Units representing limited partner interests
Underlying amount
10,819
Exercise price
Footnotes
F1, F3
WES transaction Derivative

2024 Phantom Units

Options Exercise

Transaction value
$0
Shares
-14,940
Change %
-33%
Price
$0.000000
Shares after
29,879
Date
12 Feb 2025
Ownership
Direct
Underlying class
Common Units representing limited partner interests
Underlying amount
14,940
Exercise price
Footnotes
F1, F3
WES holding Derivative

2023 Performance Unit - ROA

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
16,228
Date
12 Feb 2025
Ownership
Direct
Underlying class
Common Units representing limited partner interests
Underlying amount
16,228
Exercise price
Footnotes
F4
WES holding Derivative

2023 Performance Unit - TUR

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
16,228
Date
12 Feb 2025
Ownership
Direct
Underlying class
Common Units representing limited partner interests
Underlying amount
16,228
Exercise price
Footnotes
F4
WES holding Derivative

2024 Performance Unit - ROA

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
22,409
Date
12 Feb 2025
Ownership
Direct
Underlying class
Common Units representing limited partner interests
Underlying amount
22,409
Exercise price
Footnotes
F4
WES holding Derivative

2024 Performance Unit - TUR

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
22,409
Date
12 Feb 2025
Ownership
Direct
Underlying class
Common Units representing limited partner interests
Underlying amount
22,409
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

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

The Phantom Units vest in three annual installments 20% on February 12, 2023, 40% on February 12, 2024, and 40% on February 12, 2025, and will pay distribution equivalent rights in cash prior to vesting.

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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