4//SEC Filing
Bourne Robert W. 4
Accession 0001423902-24-000040
CIK 0001423902other
Filed
May 15, 8:00 PM ET
Accepted
May 16, 4:02 PM ET
Size
17.5 KB
Accession
0001423902-24-000040
Insider Transaction Report
Form 4
Bourne Robert W.
SVP & Chief Commercial Officer
Transactions
- Purchase
Common Units representing limited partner interests
2024-05-15$37.25/sh+1,353.873$50,430→ 130,624.873 total
Holdings
- 8,671
2022 Performance Unit - ROA
From: 2025-02-12Exp: 2025-02-12→ Common Units representing limited partner interests (8,671 underlying) - 21,638
2023 Phantom Units
Exp: 2026-02-12→ Common Units representing limited partner interests (21,638 underlying) - 16,228
2023 Performance Unit - TUR
From: 2026-02-12Exp: 2026-02-12→ Common Units representing limited partner interests (16,228 underlying) - 5,781
2022 Phantom Units
→ Common Units representing limited partner interests (5,781 underlying) - 16,228
2023 Performance Unit - ROA
From: 2026-02-12Exp: 2026-02-12→ Common Units representing limited partner interests (16,228 underlying) - 8,671
2022 Performance Unit - TUR
From: 2025-02-12Exp: 2025-02-12→ Common Units representing limited partner interests (8,671 underlying) - 44,819
2024 Phantom Units
Exp: 2027-02-12→ Common Units representing limited partner interests (44,819 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
2024 Performance Unit - ROA
From: 2027-02-12Exp: 2027-02-12→ Common Units representing limited partner interests (22,409 underlying)
Footnotes (6)
- [F1]Units acquired under WES's distribution reinvestment plan.
- [F2]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
- [F3]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.
- [F4]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.
- [F5]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.
- [F6]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
Issuer
Western Midstream Partners, LP
CIK 0001423902
Entity typeother
Related Parties
1- filerCIK 0001627376
Filing Metadata
- Form type
- 4
- Filed
- May 15, 8:00 PM ET
- Accepted
- May 16, 4:02 PM ET
- Size
- 17.5 KB