Michael Ure - 14 Feb 2022 Form 4 Insider Report for Western Midstream Partners, LP (WES)

Role
President & CEO, Director
Signature
/s/ Philip C. Neisel, as attorney-in-fact
Issuer symbol
WES
Transactions as of
14 Feb 2022
Transactions value $
-$25,418
Form type
4
Filing time
16 Feb 2022, 16:31:30 UTC
Previous filing
15 Feb 2022
Next filing
17 May 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 Award $0 +2.42K +1.76% $0.00 140K 14 Feb 2022 Direct
transaction WES Common units representing limited partner interests Tax liability -$25.4K -952 -0.68% $26.70 139K 14 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 Award $0 +86.7K +103.27% $0.00 171K 15 Feb 2022 Common units representing limited partner interests 86.7K Direct F1, F2
transaction WES 2022 Performance Unit - TUR Award $0 +43.4K $0.00 43.4K 15 Feb 2022 Common units representing limited partner interests 43.4K Direct F3
transaction WES 2022 Performance Unit - ROA Award $0 +43.4K $0.00 43.4K 15 Feb 2022 Common units representing limited partner interests 43.4K Direct F3
holding WES Phantom Units 52K 14 Feb 2022 Common units representing limited partner interests 52K Direct F1, F4
holding WES 2021 Performance Unit - TUR 111K 14 Feb 2022 Common units representing limited partner interests 111K Direct F3
holding WES 2021 Performance Unit - ROA 110K 14 Feb 2022 Common units representing limited partner interests 110K Direct F3
holding WES 2020 Performance Unit - TUR 46.8K 14 Feb 2022 Common units representing limited partner interests 46.8K Direct F3
holding WES 2020 Performance Unit - ROA 46.8K 14 Feb 2022 Common units representing limited partner interests 46.8K Direct F3
* 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 cash on a current basis.
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.
F4 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.