Michael S. Forsyth - Feb 12, 2025 Form 4 Insider Report for Western Midstream Partners, LP (WES)

Role: SVP, North Operations
Signature: /s/ Philip C. Neisel, as attorney-in-fact
Stock symbol: WES
Transactions as of: Feb 12, 2025
Transactions value $: -$499,691
Form type: 4
Date filed: 2/14/2025, 04:14 PM
Previous filing: Feb 14, 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	+2.79K	+10.6%	$0.00	29.1K	Feb 12, 2025	Direct
transaction	WES	Common Units representing limited partner interests	Tax liability	-$50.3K	-1.26K	-4.34%	$39.87	27.8K	Feb 12, 2025	Direct
transaction	WES	Common Units representing limited partner interests	Options Exercise	$0	+10.8K	+38.86%	$0.00	38.7K	Feb 12, 2025	Direct
transaction	WES	Common Units representing limited partner interests	Tax liability	-$189K	-4.73K	-12.25%	$39.87	33.9K	Feb 12, 2025	Direct
transaction	WES	Common Units representing limited partner interests	Options Exercise	$0	+14.9K	+44.04%	$0.00	48.9K	Feb 12, 2025	Direct
transaction	WES	Common Units representing limited partner interests	Tax liability	-$261K	-6.54K	-13.38%	$39.87	42.3K	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	-2.79K	-100%	$0.00	0	Feb 12, 2025	Common Units representing limited partner interests	2.79K	$0.00	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, F2
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, F2
holding	WES	2023 Performance Unit - ROA						16.2K	Feb 12, 2025	Common Units representing limited partner interests	16.2K		Direct	F3
holding	WES	2023 Performance Unit - TUR						16.2K	Feb 12, 2025	Common Units representing limited partner interests	16.2K		Direct	F3
holding	WES	2024 Performance Unit - ROA						22.4K	Feb 12, 2025	Common Units representing limited partner interests	22.4K		Direct	F3
holding	WES	2024 Performance Unit - TUR						22.4K	Feb 12, 2025	Common Units representing limited partner interests	22.4K		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.