Bourne Robert W. 4

Accession 0001423902-24-000010

CIK 0001423902other

View on SEC.gov Company Profile

Filed

Feb 13, 7:00 PM ET

Accepted

Feb 14, 6:31 PM ET

Size

40.0 KB

Accession

0001423902-24-000010

Insider Transaction Report

Form 4

Period: 2024-02-12

Western Midstream Partners, LPWES

Bourne Robert W.

SVP & Chief Commercial Officer

Transactions

Award
2024 Phantom Units
2024-02-13+44,819→ 44,819 total
Exp: 2027-02-12→ Common Units representing limited partner interests (44,819 underlying)
Award
2024 Performance Unit - ROA
2024-02-13+22,409→ 22,409 total
From: 2027-02-12Exp: 2027-02-12→ Common Units representing limited partner interests (22,409 underlying)
Award
2024 Performance Unit - TUR
2024-02-13+22,409→ 22,409 total
From: 2027-02-12Exp: 2027-02-12→ Common Units representing limited partner interests (22,409 underlying)
Exercise/Conversion
Common Units representing limited partner interests
2024-02-12+5,780→ 81,770 total
Exercise/Conversion
Common Units representing limited partner interests
2024-02-12+10,818→ 90,313 total
Exercise/Conversion
2023 Phantom Units
2024-02-12−10,818→ 21,638 total
Exp: 2026-02-12→ Common Units representing limited partner interests (10,818 underlying)
Exercise/Conversion
Common Units representing limited partner interests
2024-02-12+7,347→ 78,984 total
Tax Payment
Common Units representing limited partner interests
2024-02-12$28.50/sh−2,994$85,329→ 75,990 total
Tax Payment
Common Units representing limited partner interests
2024-02-12$28.50/sh−2,275$64,838→ 79,495 total
Tax Payment
Common Units representing limited partner interests
2024-02-12$28.50/sh−4,257$121,325→ 86,056 total
Exercise/Conversion
Common Units representing limited partner interests
2024-02-13+38,196→ 124,252 total
Tax Payment
Common Units representing limited partner interests
2024-02-13$27.89/sh−15,031$419,215→ 109,221 total
Exercise/Conversion
Common Units representing limited partner interests
2024-02-13+33,060→ 142,281 total
Tax Payment
Common Units representing limited partner interests
2024-02-13$27.89/sh−13,010$362,849→ 129,271 total
Exercise/Conversion
2021 Phantom Units
2024-02-12−7,347→ 0 total
→ Common Units representing limited partner interests (7,347 underlying)
Exercise/Conversion
2022 Phantom Units
2024-02-12−5,780→ 5,781 total
→ Common Units representing limited partner interests (5,780 underlying)
Exercise/Conversion
2021 Performance Unit - ROA
2024-02-13−38,196→ 0 total
From: 2024-02-12Exp: 2024-02-12→ Common Units representing limited partner interests (38,196 underlying)
Exercise/Conversion
2021 Performance Unit - TUR
2024-02-13−33,060→ 0 total
From: 2024-02-12Exp: 2024-02-12→ Common Units representing limited partner interests (33,060 underlying)

Holdings

2023 Performance Unit - ROA
From: 2026-02-12Exp: 2026-02-12→ Common Units representing limited partner interests (16,228 underlying)
16,228
2023 Performance Unit - TUR
From: 2026-02-12Exp: 2026-02-12→ Common Units representing limited partner interests (16,228 underlying)
16,228
2022 Performance Unit - ROA
From: 2025-02-12Exp: 2025-02-12→ Common Units representing limited partner interests (8,671 underlying)
8,671
2022 Performance Unit - TUR
From: 2025-02-12Exp: 2025-02-12→ Common Units representing limited partner interests (8,671 underlying)
8,671

Footnotes (5)

[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 Phantom Unit is the economic equivalent of one WES Common Unit representing limited partnership interests, and upon vesting, entitled to receive a common unit
[F4]The phantom units vest in three annual installments beginning one year after the date of grant, and will pay distribution equivalent rights prior to vesting in the form of WES Common Units.
[F5]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.

Documents

1 file

4
wk-form4_1707953455.xmlPrimary
FORM 4

Issuer

Western Midstream Partners, LP

CIK 0001423902

→

Entity typeother

Related Parties

filerCIK 0001627376

Filing Metadata

Form type: 4
Filed: Feb 13, 7:00 PM ET
Accepted: Feb 14, 6:31 PM ET
Size: 40.0 KB

View on SEC.gov