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

Role
SVP & Chief Operating Officer
Signature
/s/ Philip C. Neisel, as attorney-in-fact
Stock symbol
WES
Transactions as of
Feb 12, 2025
Transactions value $
-$516,436
Form type
4
Date filed
2/14/2025, 04:07 PM
Previous filing
Feb 14, 2024
Next filing
Feb 21, 2025
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 +7.06K +44.41% $0.00 22.9K Feb 12, 2025 Direct
transaction WES Common Units representing limited partner interests Tax liability -$112K -2.82K -12.27% $39.87 20.1K Feb 12, 2025 Direct
transaction WES Common Units representing limited partner interests Options Exercise $0 +10.8K +53.76% $0.00 30.9K Feb 12, 2025 Direct
transaction WES Common Units representing limited partner interests Tax liability -$170K -4.26K -13.76% $39.87 26.7K Feb 12, 2025 Direct
transaction WES Common Units representing limited partner interests Options Exercise $0 +14.9K +55.98% $0.00 41.6K Feb 12, 2025 Direct
transaction WES Common Units representing limited partner interests Tax liability -$234K -5.88K -14.12% $39.87 35.7K Feb 12, 2025 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 2022 Phantom Units Options Exercise $0 -7.06K -100% $0.00 0 Feb 12, 2025 Common Units representing limited partner interests 7.06K Direct F1, F2
transaction WES 2023 Phantom Units Options Exercise $0 -10.8K -50% $0.00 10.8K Feb 12, 2025 Common Units representing limited partner interests 10.8K Direct F1, F3
transaction WES 2024 Phantom Units Options Exercise $0 -14.9K -33.33% $0.00 29.9K Feb 12, 2025 Common Units representing limited partner interests 14.9K Direct F1, F3
holding WES 2023 Performance Unit - ROA 16.2K Feb 12, 2025 Common Units representing limited partner interests 16.2K Direct F4
holding WES 2023 Performance Unit - TUR 16.2K Feb 12, 2025 Common Units representing limited partner interests 16.2K Direct F4
holding WES 2024 Performance Unit - ROA 22.4K Feb 12, 2025 Common Units representing limited partner interests 22.4K Direct F4
holding WES 2024 Performance Unit - TUR 22.4K Feb 12, 2025 Common Units representing limited partner interests 22.4K 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 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.
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.