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Western Midstream Partners, LP — Director's Dealing 2026
Feb 13, 2026
30411_dirs_2026-02-13_1890b5f1-c743-403c-9fcc-2ada1127925c.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: 2026-02-12
Reporting Person: Shults Kristen S. (SVP & Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2026-02-12 | Common Units representing limited partner interests | M | 10819 | — | Acquired | 98948 | Direct |
| 2026-02-12 | Common Units representing limited partner interests | F | 4258 | $42.35 | Disposed | 94690 | Direct |
| 2026-02-12 | Common Units representing limited partner interests | M | 14940 | — | Acquired | 109630 | Direct |
| 2026-02-12 | Common Units representing limited partner interests | F | 5879 | $42.35 | Disposed | 103751 | Direct |
| 2026-02-12 | Common Units representing limited partner interests | M | 10009 | — | Acquired | 113760 | Direct |
| 2026-02-12 | Common Units representing limited partner interests | F | 3939 | $42.35 | Disposed | 109821 | Direct |
| 2026-02-12 | Common Units representing limited partner interests | M | 25316 | — | Acquired | 135137 | Direct |
| 2026-02-12 | Common Units representing limited partner interests | F | 9962 | $42.35 | Disposed | 125175 | Direct |
| 2026-02-12 | Common Units representing limited partner interests | M | 30704 | — | Acquired | 155879 | Direct |
| 2026-02-12 | Common Units representing limited partner interests | F | 12127 | $42.35 | Disposed | 143752 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2026-02-12 | 2023 Phantom Units | $ | M | 10819 | Disposed | 2026-02-12 | Common Units representing limited partner interests (10819) | Direct |
| 2026-02-12 | 2023 Performance Unit - TUR | $ | M | 25316 | Disposed | 2026-02-12 | Common Units representing limited partner interests (25316) | Direct |
| 2026-02-12 | 2023 Performance Unit - ROA | $ | M | 30704 | Disposed | 2026-02-12 | Common Units representing limited partner interests (30704) | Direct |
| 2026-02-12 | 2024 Phantom Units | $ | M | 14940 | Disposed | 2027-02-12 | Common Units representing limited partner interests (14940) | Direct |
| 2026-02-12 | 2025 Phantom Units | $ | M | 10009 | Disposed | 2028-02-12 | Common Units representing limited partner interests (10009) | Direct |
| 2026-02-12 | 2026 Phantom Units | $ | A | 35419 | Acquired | 2029-02-12 | Common Units representing limited partner interests (35419) | Direct |
| 2026-02-12 | 2026 Performance Unit - TUR | $ | A | 17710 | Acquired | 2029-02-12 | Common Units representing limited partner interests (17710) | Direct |
| 2026-02-12 | 2026 Performance Unit - ROA | $ | A | 17710 | Acquired | 2029-02-12 | Common Units representing limited partner interests (17710) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| 2024 Performance Unit - TUR | $ | 2027-02-12 | Common Units representing limited partner interests (22409) | 22409 | Direct |
| 2024 Performance Unit - ROA | $ | 2027-02-12 | Common Units representing limited partner interests (22409) | 22409 | Direct |
| 2025 Performance Unit-TUR | $ | 2028-02-12 | Common Units representing limited partner interests (15013) | 15013 | Direct |
| 2025 Performance Unit-ROA | $ | 2028-02-12 | Common Units representing limited partner interests (15013) | 15013 | 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.
F4: Each performance-based unit represents the right to receive, following vesting, between 0% and 200% of one WES Common Unit (or cash equivalent) based upon the achievement of pre-established performance metrics over a 3-year performance period.