Michael Ure - 01 Mar 2024 Form 4 Insider Report for Western Midstream Partners, LP (WES)

Role
President & CEO, Director
Signature
/s/ Philip C. Neisel, as attorney-in-fact
Issuer symbol
WES
Transactions as of
01 Mar 2024
Net transactions value
+$168,250
Form type
4
Filing time
01 Mar 2024, 16:29:15 UTC
Previous filing
14 Feb 2024
Next filing
20 May 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 Purchase $168,250 +5,000 +0.9% $33.65 561,404 01 Mar 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
holding WES 2022 Phantom Units 28,902 01 Mar 2024 Common Units representing limited partner interests 28,902 Direct F1, F2
holding WES 2023 Phantom Units 70,176 01 Mar 2024 Common Units representing limited partner interests 70,176 Direct F1, F2
holding WES 2024 Phantom Units 150,592 01 Mar 2024 Common Units representing limited partner interests 150,592 Direct F1, F2
holding WES 2022 Performance Unit - ROA 43,353 01 Mar 2024 Common Units representing limited partner interests 43,353 Direct F3
holding WES 2022 Performance Unit - TUR 43,353 01 Mar 2024 Common Units representing limited partner interests 43,353 Direct F3
holding WES 2023 Performance Unit - ROA 52,632 01 Mar 2024 Common Units representing limited partner interests 52,632 Direct F3
holding WES 2023 Performance Unit - TUR 52,632 01 Mar 2024 Common Units representing limited partner interests 52,632 Direct F3
holding WES 2024 Performance Unit - ROA 75,296 01 Mar 2024 Common Units representing limited partner interests 75,296 Direct F3
holding WES 2024 Performance Unit - TUR 75,296 01 Mar 2024 Common Units representing limited partner interests 75,296 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.