Bourne Robert W. 4

Accession 0001423902-25-000009

CIK 0001423902other

Filed

Feb 13, 7:00 PM ET

Accepted

Feb 14, 4:10 PM ET

Size

26.7 KB

Accession

0001423902-25-000009

Form 4

Period: 2025-02-12

SVP & Chief Commercial Officer

Transactions

Exercise/Conversion
Common Units representing limited partner interests
2025-02-12+5,781→ 136,405.873 total
Exercise/Conversion
2022 Phantom Units
2025-02-12−5,781→ 0 total
→ Common Units representing limited partner interests (5,781 underlying)
Tax Payment
Common Units representing limited partner interests
2025-02-12$39.87/sh−2,313$92,219→ 134,092.873 total
Exercise/Conversion
Common Units representing limited partner interests
2025-02-12+10,819→ 144,911.873 total
Exercise/Conversion
Common Units representing limited partner interests
2025-02-12+14,940→ 155,593.873 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)
Tax Payment
Common Units representing limited partner interests
2025-02-12$39.87/sh−4,258$169,766→ 140,653.873 total
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)
Tax Payment
Common Units representing limited partner interests
2025-02-12$39.87/sh−5,879$234,396→ 149,714.873 total

Holdings

2023 Performance Unit - TUR
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
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
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

Footnotes (5)

[F1]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
[F2]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.
[F3]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.
[F4]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.
[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

Western Midstream Partners, LP

CIK 0001423902

Entity typeother