Forsyth Michael S. 4
4 · Western Midstream Partners, LP · Filed Feb 14, 2025
Insider Transaction Report
Form 4
Forsyth Michael S.
SVP, North Operations
Transactions
- Exercise/Conversion
Common Units representing limited partner interests
2025-02-12+10,819→ 38,658 total - Exercise/Conversion
Common Units representing limited partner interests
2025-02-12+14,940→ 48,864 total - Tax Payment
Common Units representing limited partner interests
2025-02-12$39.87/sh−1,262$50,316→ 27,839 total - Tax Payment
Common Units representing limited partner interests
2025-02-12$39.87/sh−4,734$188,745→ 33,924 total - Exercise/Conversion
2023 Phantom Units
2025-02-12−10,819→ 10,819 totalExp: 2026-02-12→ Common Units representing limited partner interests (10,819 underlying) - Exercise/Conversion
Common Units representing limited partner interests
2025-02-12+2,789→ 29,101 total - Tax Payment
Common Units representing limited partner interests
2025-02-12$39.87/sh−6,537$260,630→ 42,327 total - Exercise/Conversion
2022 Phantom Units
2025-02-12−2,789→ 0 totalExercise: $0.00→ Common Units representing limited partner interests (2,789 underlying) - Exercise/Conversion
2024 Phantom Units
2025-02-12−14,940→ 29,879 totalExp: 2027-02-12→ Common Units representing limited partner interests (14,940 underlying)
Holdings
- 16,228
2023 Performance Unit - TUR
From: 2026-02-12Exp: 2026-02-12→ Common Units representing limited partner interests (16,228 underlying) - 22,409
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) - 16,228
2023 Performance Unit - ROA
From: 2026-02-12Exp: 2026-02-12→ Common Units representing limited partner interests (16,228 underlying)
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.