Shults Kristen S. 4

Accession 0001423902-25-000007

CIK 0001423902other

Filed

Feb 13, 7:00 PM ET

Accepted

Feb 14, 4:08 PM ET

Size

26.3 KB

Accession

0001423902-25-000007

Form 4

Period: 2025-02-12

SVP & Chief Financial Officer

Transactions

Tax Payment
Common Units representing limited partner interests
2025-02-12$39.87/sh−6,132$244,483→ 50,376 total
Exercise/Conversion
Common Units representing limited partner interests
2025-02-12+10,819→ 61,195 total
Tax Payment
Common Units representing limited partner interests
2025-02-12$39.87/sh−4,258$169,766→ 56,937 total
Exercise/Conversion
2022 Phantom Units
2025-02-12−15,511→ 0 total
→ Common Units representing limited partner interests (15,511 underlying)
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+15,511→ 56,508 total
Tax Payment
Common Units representing limited partner interests
2025-02-12$39.87/sh−5,879$234,396→ 65,998 total
Exercise/Conversion
Common Units representing limited partner interests
2025-02-12+14,940→ 71,877 total

Holdings

2022 Performance Unit - ROA
From: 2025-02-12Exp: 2025-02-12→ Common Units representing limited partner interests (10,838 underlying)
10,838
2022 Performance Unit - TUR
From: 2025-02-12Exp: 2025-02-12→ Common Units representing limited partner interests (10,838 underlying)
10,838
2024 Performance Unit - ROA
From: 2027-02-12Exp: 2027-02-12→ Common Units representing limited partner interests (22,409 underlying)
22,409
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 - TUR
From: 2027-02-12Exp: 2027-02-12→ Common Units representing limited partner interests (22,409 underlying)
22,409
2023 Performance Unit - TUR
From: 2026-02-12Exp: 2026-02-12→ Common Units representing limited partner interests (16,228 underlying)
16,228

Footnotes (3)

[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.

Documents

1 file

Western Midstream Partners, LP

CIK 0001423902

Entity typeother