Holderman Daniel P. 4

Accession 0001423902-25-000006

CIK 0001423902other

Filed

Feb 13, 7:00 PM ET

Accepted

Feb 14, 4:07 PM ET

Size

24.0 KB

Accession

0001423902-25-000006

Form 4

Period: 2025-02-12

SVP & Chief Operating Officer

Transactions

Exercise/Conversion
Common Units representing limited partner interests
2025-02-12+10,819→ 30,945 total
Exercise/Conversion
Common Units representing limited partner interests
2025-02-12+14,940→ 41,627 total
Tax Payment
Common Units representing limited partner interests
2025-02-12$39.87/sh−2,816$112,274→ 20,126 total
Exercise/Conversion
2022 Phantom Units
2025-02-12−7,055→ 0 total
→ Common Units representing limited partner interests (7,055 underlying)
Tax Payment
Common Units representing limited partner interests
2025-02-12$39.87/sh−4,258$169,766→ 26,687 total
Tax Payment
Common Units representing limited partner interests
2025-02-12$39.87/sh−5,879$234,396→ 35,748 total
Exercise/Conversion
2023 Phantom Units
2025-02-12−10,819→ 10,819 total
Exp: 2026-02-12→ Common Units representing limited partner interests (10,819 underlying)
Exercise/Conversion
2024 Phantom Units
2025-02-12−14,940→ 29,879 total
Exp: 2027-02-12→ Common Units representing limited partner interests (14,940 underlying)
Exercise/Conversion
Common Units representing limited partner interests
2025-02-12+7,055→ 22,942 total

Holdings

2023 Performance Unit - TUR
From: 2026-02-12Exp: 2026-02-12→ Common Units representing limited partner interests (16,228 underlying)
16,228
2023 Performance Unit - ROA
From: 2026-02-12Exp: 2026-02-12→ Common Units representing limited partner interests (16,228 underlying)
16,228
2024 Performance Unit - ROA
From: 2027-02-12Exp: 2027-02-12→ Common Units representing limited partner interests (22,409 underlying)
22,409
2024 Performance Unit - TUR
From: 2027-02-12Exp: 2027-02-12→ Common Units representing limited partner interests (22,409 underlying)
22,409

Footnotes (4)

[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]The Phantom Units vest in three annual installments 20% on February 12, 2023, 40% on February 12, 2024, and 40% on February 12, 2025, and will pay distribution equivalent rights in cash prior to vesting.
[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.

Documents

1 file

Western Midstream Partners, LP

CIK 0001423902

Entity typeother