Robert W. Bourne - 12 Feb 2022 Form 4 Insider Report for Western Midstream Partners, LP (WES)

Role
SVP & Chief Commercial Officer
Signature
/s/ Philip C. Neisel, as attorney-in-fact
Issuer symbol
WES
Transactions as of
12 Feb 2022
Transactions value $
-$136,105
Form type
4
Filing time
15 Feb 2022, 16:38:23 UTC
Previous filing
16 Nov 2021
Next filing
16 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WES Common units representing limited partner interests Options Exercise $0 +12,484 +76.94% $0 28,709 12 Feb 2022 Direct
transaction WES Common units representing limited partner interests Tax liability -$87,318 -3,202 -11.15% $27.27 25,507 12 Feb 2022 Direct
transaction WES Common units representing limited partner interests Options Exercise $0 +7,346 +28.8% $0 32,853 12 Feb 2022 Direct
transaction WES Common units representing limited partner interests Tax liability -$48,786 -1,789 -5.45% $27.27 31,064 12 Feb 2022 Direct

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 WES Phantom Units Options Exercise $0 -12,484 -50% $0 12,485 12 Feb 2022 Common units representing limited partner interests 12,484 Direct F1, F2
transaction WES Phantom Units Options Exercise $0 -7,346 -33.33% $0 14,694 12 Feb 2022 Common units representing limited partner interests 7,346 Direct F1, F3
holding WES 2020 Performance Unit - ROA 10,924 12 Feb 2022 Common units representing limited partner interests 10,924 $0 Direct F4
holding WES 2020 Performance Unit - TUR 10,924 12 Feb 2022 Common units representing limited partner interests 10,924 $0 Direct F4
holding WES 2021 Performance Unit - ROA 22,040 12 Feb 2022 Common units representing limited partner interests 22,040 $0 Direct F4
holding WES 2021 Performance Unit - TUR 22,040 12 Feb 2022 Common units representing limited partner interests 22,040 $0 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
F2 These Phantom Units vest ratably over a three-year period on February 12th of each year, and will pay distribution equivalent rights in the form of WES Common Units on a current basis.
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.
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.