Christopher B. Dial - 12 Feb 2024 Form 4 Insider Report for Western Midstream Partners, LP (WES)

Role
SVP, GC and Secretary
Signature
/s/ Philip C. Neisel, as attorney-in-fact
Issuer symbol
WES
Transactions as of
12 Feb 2024
Net transactions value
-$1,238,673
Form type
4
Filing time
14 Feb 2024, 18:33:19 UTC
Previous filing
15 Feb 2023
Next filing
14 Feb 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 +8,921 +14% $0.000000 73,666 12 Feb 2024 Direct
transaction WES Common Units representing limited partner interests Tax liability $102,856 -3,609 -4.9% $28.50 70,057 12 Feb 2024 Direct
transaction WES Common Units representing limited partner interests Options Exercise $0 +5,780 +8.3% $0.000000 75,837 12 Feb 2024 Direct
transaction WES Common Units representing limited partner interests Tax liability $64,838 -2,275 -3% $28.50 73,562 12 Feb 2024 Direct
transaction WES Common Units representing limited partner interests Options Exercise $0 +10,818 +15% $0.000000 84,380 12 Feb 2024 Direct
transaction WES Common Units representing limited partner interests Tax liability $121,324 -4,257 -5% $28.50 80,123 12 Feb 2024 Direct
transaction WES Common Units representing limited partner interests Options Exercise $0 +46,383 +58% $0.000000 126,506 13 Feb 2024 Direct
transaction WES Common Units representing limited partner interests Tax liability $509,048 -18,252 -14% $27.89 108,254 13 Feb 2024 Direct
transaction WES Common Units representing limited partner interests Options Exercise $0 +40,146 +37% $0.000000 148,400 13 Feb 2024 Direct
transaction WES Common Units representing limited partner interests Tax liability $440,606 -15,798 -11% $27.89 132,602 13 Feb 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
transaction WES 2021 Phantom Units Options Exercise $0 -8,921 -100% $0.000000* 0 12 Feb 2024 Common Units representing limited partner interests 8,921 Direct F1, F2
transaction WES 2022 Phantom Units Options Exercise $0 -5,780 -50% $0.000000 5,781 12 Feb 2024 Common Units representing limited partner interests 5,780 Direct F3, F4
transaction WES 2023 Phantom Units Options Exercise $0 -10,818 -33% $0.000000 21,638 12 Feb 2024 Common Units representing limited partner interests 10,818 Direct F1, F2
transaction WES 2021 Performance Unit - ROA Options Exercise $0 -46,383 -100% $0.000000* 0 13 Feb 2024 Common Units representing limited partner interests 46,383 Direct F5
transaction WES 2021 Performance Unit - TUR Options Exercise $0 -40,146 -100% $0.000000* 0 13 Feb 2024 Common Units representing limited partner interests 40,146 Direct F5
transaction WES 2024 Phantom Units Award $0 +44,819 $0.000000 44,819 13 Feb 2024 Common Units representing limited partner interests 44,819 Direct F1, F2
transaction WES 2024 Performance Unit - ROA Award $0 +22,409 $0.000000 22,409 13 Feb 2024 Common Units representing limited partner interests 22,409 Direct F5
transaction WES 2024 Performance Unit - TUR Award $0 +22,409 $0.000000 22,409 13 Feb 2024 Common Units representing limited partner interests 22,409 Direct F5
holding WES 2023 Performance Unit - ROA 16,228 12 Feb 2024 Common Units representing limited partner interests 16,228 Direct F5
holding WES 2023 Performance Unit - TUR 16,228 12 Feb 2024 Common Units representing limited partner interests 16,228 Direct F5
holding WES 2022 Performance Unit - ROA 8,671 12 Feb 2024 Common Units representing limited partner interests 8,671 Direct F5
holding WES 2022 Performance Unit - TUR 8,671 12 Feb 2024 Common Units representing limited partner interests 8,671 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, 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 Phantom Unit is the economic equivalent of one WES Common Unit representing limited partnership interests, and upon vesting, entitled to receive a common unit
F4 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.
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.