Michael Ure - Mar 1, 2024 Form 4 Insider Report for Western Midstream Partners, LP (WES)

Role
President & CEO, Director
Signature
/s/ Philip C. Neisel, as attorney-in-fact
Stock symbol
WES
Transactions as of
Mar 1, 2024
Transactions value $
$168,250
Form type
4
Date filed
3/1/2024, 04:29 PM
Previous filing
Feb 14, 2024
Next filing
May 20, 2024
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 Purchase $168K +5K +0.9% $33.65 561K Mar 1, 2024 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
holding WES 2022 Phantom Units 28.9K Mar 1, 2024 Common Units representing limited partner interests 28.9K Direct F1, F2
holding WES 2023 Phantom Units 70.2K Mar 1, 2024 Common Units representing limited partner interests 70.2K Direct F1, F2
holding WES 2024 Phantom Units 151K Mar 1, 2024 Common Units representing limited partner interests 151K Direct F1, F2
holding WES 2022 Performance Unit - ROA 43.4K Mar 1, 2024 Common Units representing limited partner interests 43.4K Direct F3
holding WES 2022 Performance Unit - TUR 43.4K Mar 1, 2024 Common Units representing limited partner interests 43.4K Direct F3
holding WES 2023 Performance Unit - ROA 52.6K Mar 1, 2024 Common Units representing limited partner interests 52.6K Direct F3
holding WES 2023 Performance Unit - TUR 52.6K Mar 1, 2024 Common Units representing limited partner interests 52.6K Direct F3
holding WES 2024 Performance Unit - ROA 75.3K Mar 1, 2024 Common Units representing limited partner interests 75.3K Direct F3
holding WES 2024 Performance Unit - TUR 75.3K Mar 1, 2024 Common Units representing limited partner interests 75.3K 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.