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Western Midstream Partners, LP — Director's Dealing 2023
May 9, 2023
30411_dirs_2023-05-09_bc6b5041-559b-443f-a7d1-84d6861c2cc1.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Western Midstream Partners, LP (WES)
CIK: 0001423902
Period of Report: 2023-05-01
Reporting Person: Nebreda Alejandro O (SVP, Business Services)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Units representing limited partner interests | 46576 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| 2021 Phantom Units | $ | Common Units representing limited partner interests (7142.0) | Direct | ||
| 2022 Phantom Units | $ | Common Units representing limited partner interests (22945.0) | Direct | ||
| 2023 Phantom Units | $ | 2026-02-12 | Common Units representing limited partner interests (32593.0) | Direct | |
| 2023 Performance Unit - TUR | $ | 2026-02-12 | Common Units representing limited partner interests (16297.0) | Direct | |
| 2023 Performance Unit - ROA | $ | 2026-02-12 | Common Units representing limited partner interests (16297.0) | Direct |
Footnotes
F1: 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.
F2: 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.
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.