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Western Midstream Partners, LP — Director's Dealing 2026
Feb 13, 2026
30411_dirs_2026-02-13_1a47aa87-d521-4c81-8a29-0315c5a9767e.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: Dial Christopher B. (SVP, GC and Secretary)
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 | 180208 | Direct |
| 2026-02-12 | Common Units representing limited partner interests | F | 4258 | $42.35 | Disposed | 175950 | Direct |
| 2026-02-12 | Common Units representing limited partner interests | M | 14940 | — | Acquired | 190890 | Direct |
| 2026-02-12 | Common Units representing limited partner interests | S | 5879 | $42.35 | Disposed | 185011 | Direct |
| 2026-02-12 | Common Units representing limited partner interests | M | 10009 | — | Acquired | 195020 | Direct |
| 2026-02-12 | Common Units representing limited partner interests | F | 3939 | $42.35 | Disposed | 191081 | Direct |
| 2026-02-12 | Common Units representing limited partner interests | M | 25316 | — | Acquired | 216397 | Direct |
| 2026-02-12 | Common Units representing limited partner interests | F | 9962 | $42.35 | Disposed | 206435 | Direct |
| 2026-02-12 | Common Units representing limited partner interests | M | 30704 | — | Acquired | 237139 | Direct |
| 2026-02-12 | Common Units representing limited partner interests | F | 12124 | $42.35 | Disposed | 225015 | 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 | 32468 | Acquired | 2029-02-12 | Common Units representing limited partner interests (32468) | Direct |
| 2026-02-12 | 2026 Performance Unit - TUR | $ | A | 16234 | Acquired | 2029-02-12 | Common Units representing limited partner interests (16234) | Direct |
| 2026-02-12 | 2026 Performance Unit - ROA | $ | A | 16234 | Acquired | 2029-02-12 | Common Units representing limited partner interests (16234) | 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.