Catherine A. Green - Feb 12, 2025 Form 4 Insider Report for Western Midstream Partners, LP (WES)

Role: SVP & Chief Accounting Officer
Signature: /s/ Philip C. Neisel, as attorney-in-fact
Stock symbol: WES
Transactions as of: Feb 12, 2025
Transactions value $: -$366,086
Form type: 4
Date filed: 2/14/2025, 04:12 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	+4.18K	+8.36%	$0.00	54.1K	Feb 12, 2025	Direct
transaction	WES	Common Units representing limited partner interests	Tax liability	-$68.4K	-1.72K	-3.17%	$39.87	52.4K	Feb 12, 2025	Direct
transaction	WES	Common Units representing limited partner interests	Options Exercise	$0	+7.02K	+13.39%	$0.00	59.4K	Feb 12, 2025	Direct
transaction	WES	Common Units representing limited partner interests	Tax liability	-$110K	-2.76K	-4.65%	$39.87	56.7K	Feb 12, 2025	Direct
transaction	WES	Common Units representing limited partner interests	Options Exercise	$0	+12K	+21.09%	$0.00	68.6K	Feb 12, 2025	Direct
transaction	WES	Common Units representing limited partner interests	Tax liability	-$188K	-4.7K	-6.85%	$39.87	63.9K	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	-4.18K	-100%	$0.00	0	Feb 12, 2025	Common Units representing limited partner interests	4.18K		Direct	F1, F2
transaction	WES	2023 Phantom Units	Options Exercise	$0	-7.02K	-50%	$0.00	7.02K	Feb 12, 2025	Common Units representing limited partner interests	7.02K		Direct	F1, F2
transaction	WES	2024 Phantom Units	Options Exercise	$0	-12K	-33.33%	$0.00	23.9K	Feb 12, 2025	Common Units representing limited partner interests	12K		Direct	F1, F2
holding	WES	2022 Performance Unit - ROA						6.26K	Feb 12, 2025	Common Units representing limited partner interests	6.26K		Direct	F3
holding	WES	2022 Performance Unit - TUR						6.26K	Feb 12, 2025	Common Units representing limited partner interests	6.26K		Direct	F3
holding	WES	2023 Performance Unit - ROA						10.5K	Feb 12, 2025	Common Units representing limited partner interests	10.5K		Direct	F3
holding	WES	2023 Performance Unit - TUR						10.5K	Feb 12, 2025	Common Units representing limited partner interests	10.5K		Direct	F3
holding	WES	2024 Performance Unit - ROA						17.9K	Feb 12, 2025	Common Units representing limited partner interests	17.9K		Direct	F3
holding	WES	2024 Performance Unit - TUR						17.9K	Feb 12, 2025	Common Units representing limited partner interests	17.9K		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.