Robert W. Bourne - Feb 12, 2025 Form 4 Insider Report for Western Midstream Partners, LP (WES)

Role
SVP & Chief Commercial Officer
Signature
/s/ Philip C. Neisel, as attorney-in-fact
Stock symbol
WES
Transactions as of
Feb 12, 2025
Transactions value $
-$496,382
Form type
4
Date filed
2/14/2025, 04:10 PM
Previous filing
May 16, 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 Options Exercise $0 +5.78K +4.43% $0.00 136K Feb 12, 2025 Direct
transaction WES Common Units representing limited partner interests Tax liability -$92.2K -2.31K -1.7% $39.87 134K Feb 12, 2025 Direct
transaction WES Common Units representing limited partner interests Options Exercise $0 +10.8K +8.07% $0.00 145K Feb 12, 2025 Direct
transaction WES Common Units representing limited partner interests Tax liability -$170K -4.26K -2.94% $39.87 141K Feb 12, 2025 Direct
transaction WES Common Units representing limited partner interests Options Exercise $0 +14.9K +10.62% $0.00 156K Feb 12, 2025 Direct
transaction WES Common Units representing limited partner interests Tax liability -$234K -5.88K -3.78% $39.87 150K 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 -5.78K -100% $0.00 0 Feb 12, 2025 Common Units representing limited partner interests 5.78K 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 F3, F4
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 F3, F4
holding WES 2022 Performance Unit - ROA 8.67K Feb 12, 2025 Common Units representing limited partner interests 8.67K Direct F5
holding WES 2022 Performance Unit - TUR 8.67K Feb 12, 2025 Common Units representing limited partner interests 8.67K Direct F5
holding WES 2023 Performance Unit - ROA 16.2K Feb 12, 2025 Common Units representing limited partner interests 16.2K Direct F5
holding WES 2023 Performance Unit - TUR 16.2K Feb 12, 2025 Common Units representing limited partner interests 16.2K Direct F5
holding WES 2024 Performance Unit - ROA 22.4K Feb 12, 2025 Common Units representing limited partner interests 22.4K Direct F5
holding WES 2024 Performance Unit - TUR 22.4K Feb 12, 2025 Common Units representing limited partner interests 22.4K Direct F5
* 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, entitled to receive a common unit
F2 The phantom units vest in three annual installments beginning one year after the date of grant, and will pay distribution equivalent rights prior to vesting in the form of WES Common Units.
F3 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.
F4 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.
F5 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.