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Western Midstream Partners, LP — Director's Dealing 2022
May 4, 2022
30411_dirs_2022-05-04_0170d75f-cc5b-4a80-9fb9-91becc9b631f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Western Midstream Partners, LP (WES)
CIK: 0001423902
Period of Report: 2022-05-02
Reporting Person: Shults Kristen S. (SVP & Chief Financial Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-05-02 | Phantom Units | $ | A | 21676 | Acquired | Common units representing limited partner interests (21676) | Direct | |
| 2022-05-02 | 2022 Performance Unit - TUR | $ | A | 10838 | Acquired | 2025-02-12 | Common units representing limited partner interests (10838) | Direct |
| 2022-05-02 | 2022 Performance Unit - ROA | $ | A | 10838 | Acquired | 2025-02-12 | Common units representing limited partner interests (10838) | Direct |
Footnotes
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.