Ure Michael 4

Accession 0001423902-24-000006

CIK 0001423902other

View on SEC.gov Company Profile

Filed

Feb 13, 7:00 PM ET

Accepted

Feb 14, 6:23 PM ET

Size

40.0 KB

Accession

0001423902-24-000006

Insider Transaction Report

Form 4

Period: 2024-02-12

Western Midstream Partners, LPWES

Ure Michael

DirectorPresident & CEO

Transactions

Exercise/Conversion
Common Units representing limited partner interests
2024-02-12+41,982→ 318,033 total
Tax Payment
Common Units representing limited partner interests
2024-02-12$28.50/sh−16,520$470,820→ 301,513 total
Exercise/Conversion
Common Units representing limited partner interests
2024-02-12+28,901→ 330,414 total
Tax Payment
Common Units representing limited partner interests
2024-02-12$28.50/sh−11,373$324,131→ 319,041 total
Exercise/Conversion
Common Units representing limited partner interests
2024-02-12+35,087→ 354,128 total
Tax Payment
Common Units representing limited partner interests
2024-02-12$28.50/sh−13,807$393,500→ 340,321 total
Exercise/Conversion
Common Units representing limited partner interests
2024-02-13+190,979→ 531,300 total
Tax Payment
Common Units representing limited partner interests
2024-02-13$27.89/sh−75,151$2,095,961→ 456,149 total
Exercise/Conversion
Common Units representing limited partner interests
2024-02-13+165,302→ 621,451 total
Tax Payment
Common Units representing limited partner interests
2024-02-13$27.89/sh−65,047$1,814,161→ 556,404 total
Exercise/Conversion
2021 Phantom Units
2024-02-12−41,982→ 0 total
→ Common Units representing limited partner interests (41,982 underlying)
Exercise/Conversion
2022 Phantom Units
2024-02-12−28,901→ 28,902 total
→ Common Units representing limited partner interests (28,901 underlying)
Exercise/Conversion
2023 Phantom Units
2024-02-12−35,087→ 70,176 total
Exp: 2026-02-12→ Common Units representing limited partner interests (35,087 underlying)
Exercise/Conversion
2021 Performance Unit - ROA
2024-02-13−190,979→ 0 total
From: 2024-02-12Exp: 2024-02-12→ Common Units representing limited partner interests (190,979 underlying)
Exercise/Conversion
2021 Performance Unit - TUR
2024-02-13−165,302→ 0 total
From: 2024-02-12Exp: 2024-02-12→ Common Units representing limited partner interests (165,302 underlying)
Award
2024 Phantom Units
2024-02-13+150,592→ 150,592 total
Exp: 2027-02-12→ Common Units representing limited partner interests (150,592 underlying)
Award
2024 Performance Unit - ROA
2024-02-13+75,296→ 75,296 total
From: 2027-02-12Exp: 2027-02-12→ Common Units representing limited partner interests (75,296 underlying)
Award
2024 Performance Unit - TUR
2024-02-13+75,296→ 75,296 total
From: 2027-02-12Exp: 2027-02-12→ Common Units representing limited partner interests (75,296 underlying)

Holdings

2023 Performance Unit - ROA
From: 2026-02-12Exp: 2026-02-12→ Common Units representing limited partner interests (52,632 underlying)
52,632
2023 Performance Unit - TUR
From: 2026-02-12Exp: 2026-02-12→ Common Units representing limited partner interests (52,632 underlying)
52,632
2022 Performance Unit - ROA
From: 2025-02-12Exp: 2025-02-12→ Common Units representing limited partner interests (43,353 underlying)
43,353
2022 Performance Unit - TUR
From: 2025-02-12Exp: 2025-02-12→ Common Units representing limited partner interests (43,353 underlying)
43,353

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

4
wk-form4_1707952988.xmlPrimary
FORM 4

Issuer

Western Midstream Partners, LP

CIK 0001423902

→

Entity typeother

Related Parties

filerCIK 0001785307

Filing Metadata

Form type: 4
Filed: Feb 13, 7:00 PM ET
Accepted: Feb 14, 6:23 PM ET
Size: 40.0 KB

View on SEC.gov