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Western Midstream Partners, LP — Director's Dealing 2024
Mar 1, 2024
30411_dirs_2024-03-01_60ba11cf-6e49-42c4-a95a-64345f8417b2.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: 2024-03-01
Reporting Person: Ure Michael (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-01 | Common Units representing limited partner interests | P | 5000 | $33.65 | Acquired | 561404 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| 2022 Phantom Units | $ | Common Units representing limited partner interests (28902) | 28902 | Direct | |
| 2023 Phantom Units | $ | 2026-02-12 | Common Units representing limited partner interests (70176) | 70176 | Direct |
| 2024 Phantom Units | $ | 2027-02-12 | Common Units representing limited partner interests (150592) | 150592 | Direct |
| 2022 Performance Unit - ROA | $ | 2025-02-12 | Common Units representing limited partner interests (43353) | 43353 | Direct |
| 2022 Performance Unit - TUR | $ | 2025-02-12 | Common Units representing limited partner interests (43353) | 43353 | Direct |
| 2023 Performance Unit - ROA | $ | 2026-02-12 | Common Units representing limited partner interests (52632) | 52632 | Direct |
| 2023 Performance Unit - TUR | $ | 2026-02-12 | Common Units representing limited partner interests (52632) | 52632 | Direct |
| 2024 Performance Unit - ROA | $ | 2027-02-12 | Common Units representing limited partner interests (75296) | 75296 | Direct |
| 2024 Performance Unit - TUR | $ | 2027-02-12 | Common Units representing limited partner interests (75296) | 75296 | 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.