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Western Midstream Partners, LP — Director's Dealing 2026
Feb 13, 2026
30411_dirs_2026-02-13_8821cbd2-73c4-4217-8128-6d4d4ecf0a34.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: Brown Oscar K (Director, President & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2026-02-12 | Common Units representing limited partner interests | M | 24022 | — | Acquired | 95950 | Direct |
| 2026-02-12 | Common Units representing limited partner interests | F | 10510 | $42.35 | Disposed | 85440 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2026-02-12 | 2025 Phantom Units | $ | M | 24022 | Disposed | 2028-02-12 | Common Units representing limited partner interests (24022) | Direct |
| 2026-02-12 | 2026 Phantom Units | $ | A | 94451 | Acquired | 2029-02-12 | Common Units representing limited partner interests (94451) | Direct |
| 2026-02-12 | 2026 Performance Unit - TUR | $ | A | 47226 | Acquired | 2029-02-12 | Common Units representing limited partner interests (47226) | Direct |
| 2026-02-12 | 2026 Performance Unit - ROA | $ | A | 47226 | Acquired | 2029-02-12 | Common Units representing limited partner interests (47226) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| 2024 Phantom Units | $ | 2027-10-28 | Common Units representing limited partner interests (105318) | 105318 | Direct |
| 2025 Performance Unit-TUR | $ | 2028-02-12 | Common Units representing limited partner interests (36032) | 36032 | Direct |
| 2025 Performance Unit-ROA | $ | 2028-02-12 | Common Units representing limited partner interests (36032) | 36032 | 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 October 28th each year, and will pay distribution equivalent rights in cash on a current basis.
F3: 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.
F4: 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.
F5: 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.