PHILLIPS ROBERT G 4
4 · Western Midstream Partners, LP · Filed Mar 12, 2026
Research Summary
AI-generated summary of this filing
Western Midstream (WES) Director Robert G. Phillips Buys 1,250 Shares
What Happened
- Robert G. Phillips, a director of Western Midstream Partners, LP (WES), purchased 1,250 common units in an open-market transaction on March 11, 2026. The shares were acquired at $40.19 per unit for a total cost of $50,238. This was a purchase (code P), which is generally considered a more informative action than routine sales.
Key Details
- Transaction date and price: 2026-03-11 — 1,250 units at $40.19 each.
- Total value: $50,238.
- Shares owned after transaction: Not disclosed in the Form 4 provided.
- Filing date: Form 4 filed 2026-03-12 (one day after the trade), which is within normal SEC timeliness requirements.
- Footnote F1: Phantom Units are economic equivalents of WES common units and, upon vesting, may convert to a common unit or be settled in cash equal to the unit’s fair market value.
Context
- This was an open-market purchase, not an option exercise, award grant, or gift. The filing does not indicate a 10b5-1 plan or other special instructions. Purchases by insiders can be interpreted as a positive signal, but the filing itself does not explain the insider’s motivation.
Insider Transaction Report
Form 4
PHILLIPS ROBERT G
Director
Transactions
- Purchase
Common Units representing limited partner interests
2026-03-11$40.19/sh+1,250$50,238→ 5,296 total
Holdings
- 3,778
Phantom Units
[F1]From: 2027-02-12Exp: 2027-02-12→ Common Units representing limited partner interests (3,778 underlying)
Footnotes (1)
- [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.
Signature
/s/ Philip C. Neisel, as attorney-in-fact|2026-03-12