Filing Details
- Accession Number:
- 0001423902-24-000040
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2024-05-16 16:02:04
- Reporting Period:
- 2024-05-15
- Accepted Time:
- 2024-05-16 16:02:04
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1423902 | Western Midstream Partners Lp | WES | Natural Gas Transmission (4922) | 261075656 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1627376 | W. Robert Bourne | 9950 Woodloch Forest Dr. The Woodlands TX 77380 | Svp & Chief Commercial Officer | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Units Representing Limited Partner Interests | Acquisiton | 2024-05-15 | 1,354 | $37.25 | 130,625 | No | 4 | P | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | P | Direct |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Units Representing Limited Partner Interests | 2022 Phantom Units | $0.00 | 5,781 | 5,781 | Direct | ||
| Common Units Representing Limited Partner Interests | 2022 Performance Unit - ROA | $0.00 | 2025-02-12 | 2025-02-12 | 8,671 | 8,671 | Direct |
| Common Units Representing Limited Partner Interests | 2022 Performance Unit - TUR | $0.00 | 2025-02-12 | 2025-02-12 | 8,671 | 8,671 | Direct |
| Common Units Representing Limited Partner Interests | 2023 Phantom Units | $0.00 | 2026-02-12 | 21,638 | 21,638 | Direct | |
| Common Units Representing Limited Partner Interests | 2023 Performance Unit - ROA | $0.00 | 2026-02-12 | 2026-02-12 | 16,228 | 16,228 | Direct |
| Common Units Representing Limited Partner Interests | 2023 Performance Unit - TUR | $0.00 | 2026-02-12 | 2026-02-12 | 16,228 | 16,228 | Direct |
| Common Units Representing Limited Partner Interests | 2024 Phantom Units | $0.00 | 2027-02-12 | 44,819 | 44,819 | Direct | |
| Common Units Representing Limited Partner Interests | 2024 Performance Unit - ROA | $0.00 | 2027-02-12 | 2027-02-12 | 22,409 | 22,409 | Direct |
| Common Units Representing Limited Partner Interests | 2024 Performance Unit - TUR | $0.00 | 2027-02-12 | 2027-02-12 | 22,409 | 22,409 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 5,781 | 5,781 | Direct | |
| 2025-02-12 | 8,671 | 8,671 | Direct |
| 2025-02-12 | 8,671 | 8,671 | Direct |
| 2026-02-12 | 21,638 | 21,638 | Direct |
| 2026-02-12 | 16,228 | 16,228 | Direct |
| 2026-02-12 | 16,228 | 16,228 | Direct |
| 2027-02-12 | 44,819 | 44,819 | Direct |
| 2027-02-12 | 22,409 | 22,409 | Direct |
| 2027-02-12 | 22,409 | 22,409 | Direct |
Footnotes
- Units acquired under WES's distribution reinvestment plan.
- 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
- 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.
- 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.
- 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.
- 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.
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