Shults Kristen S. 4

Accession 0001423902-25-000017

CIK 0001423902other

Filed

Feb 20, 7:00 PM ET

Accepted

Feb 21, 4:06 PM ET

Size

27.6 KB

Accession

0001423902-25-000017

Form 4

Period: 2025-02-20

SVP & Chief Financial Officer

Transactions

Tax Payment
Common Units representing limited partner interests
2025-02-20$41.63/sh−6,398$266,349→ 75,857 total
Exercise/Conversion
2022 Performance Unit - ROA
2025-02-20−20,235→ 0 total
From: 2025-02-12Exp: 2025-02-12→ Common Units representing limited partner interests (20,235 underlying)
Award
2025 Performance Unit-ROA
2025-02-20+15,013→ 15,013 total
From: 2028-02-12Exp: 2028-02-12→ Common Units representing limited partner interests (15,013 underlying)
Exercise/Conversion
Common Units representing limited partner interests
2025-02-20+20,235→ 96,092 total
Exercise/Conversion
Common Units representing limited partner interests
2025-02-20+16,257→ 82,255 total
Tax Payment
Common Units representing limited partner interests
2025-02-20$41.63/sh−7,963$331,500→ 88,129 total
Award
2025 Phantom Units
2025-02-20+30,026→ 30,026 total
Exp: 2028-02-12→ Common Units representing limited partner interests (30,026 underlying)
Exercise/Conversion
2022 Performance Unit - TUR
2025-02-20−16,257→ 0 total
From: 2025-02-12Exp: 2025-02-12→ Common Units representing limited partner interests (16,257 underlying)
Award
2025 Performance Unit-TUR
2025-02-20+15,013→ 15,013 total
From: 2028-02-12Exp: 2028-02-12→ Common Units representing limited partner interests (15,013 underlying)

Holdings

2024 Phantom Units
Exp: 2027-02-12→ Common Units representing limited partner interests (29,879 underlying)
29,879
2023 Performance Unit - TUR
From: 2026-02-12Exp: 2026-02-12→ Common Units representing limited partner interests (16,228 underlying)
16,228
2023 Phantom Units
Exp: 2026-02-12→ Common Units representing limited partner interests (10,819 underlying)
10,819
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
2023 Performance Unit - ROA
From: 2026-02-12Exp: 2026-02-12→ Common Units representing limited partner interests (16,228 underlying)
16,228

Footnotes (3)

[F1]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.
[F2]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.
[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.

Documents

1 file

Western Midstream Partners, LP

CIK 0001423902

Entity typeother