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Western Midstream Partners, LP — Director's Dealing 2023
Feb 14, 2023
30411_dirs_2023-02-14_5dc1a671-7da0-48a2-9f66-b19a597c8714.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: 2023-02-12
Reporting Person: Shults Kristen S. (SVP & Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-02-12 | Common Units representing limited partner interests | M | 4610 | — | Acquired | 10254 | Direct |
| 2023-02-12 | Common Units representing limited partner interests | F | 1123 | $28.26 | Disposed | 9131 | Direct |
| 2023-02-12 | Common Units representing limited partner interests | M | 3125 | — | Acquired | 12256 | Direct |
| 2023-02-12 | Common Units representing limited partner interests | F | 761 | $28.26 | Disposed | 11495 | Direct |
| 2023-02-12 | Common Units representing limited partner interests | M | 15511 | — | Acquired | 27006 | Direct |
| 2023-02-12 | Common Units representing limited partner interests | F | 3777 | $28.26 | Disposed | 23229 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-02-12 | 2020 Phantom Units | $ | M | 4610 | Disposed | Common Units representing limited partner interests (4610.0) | Direct | |
| 2023-02-12 | 2021 Phantom Units | $ | M | 3125 | Disposed | Common Units representing limited partner interests (3125.0) | Direct | |
| 2023-02-12 | 2022 Phantom Units | $ | M | 15511 | Disposed | Common Units representing limited partner interests (15511.0) | Direct | |
| 2023-02-14 | 2023 Phantom Units | $ | A | 32456 | Acquired | 2026-02-12 | Common Units representing limited partner interests (32456.0) | Direct |
| 2023-02-14 | 2023 Performance Unit - TUR | $ | A | 16228 | Acquired | 2026-02-12 | Common Units representing limited partner interests (16228.0) | Direct |
| 2023-02-14 | 2023 Performance Unit - ROA | $ | A | 16228 | Acquired | 2026-02-12 | Common Units representing limited partner interests (16228.0) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| 2022 Performance Unit - TUR | $ | 2025-02-12 | Common Units representing limited partner interests (10838.0) | 10838 | Direct |
| 2022 Performance Unit - ROA | $ | 2025-02-12 | Common Units representing limited partner interests (10838.0) | 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.