Form 4 for WES Western Midstream Partners, LP
Accepted 2023-02-14 00:00:00 ET · period of report 2023-02-12 · accession 0001423902-23-000007 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-02-14 | 2023-02-12 | WES | Shults Kristen S. | SVP, CFO | M - OptEx | $0.00 | +23.2K | 27.0K | +618% | $0 |
| DM | 2023-02-14 | 2023-02-12 | WES | Shults Kristen S. | SVP, CFO | F - Tax | $28.26 | -5,661 | 11.5K | -33% | -$160.0K |
| DM | 2023-02-14 | 2023-02-12 | WES | Shults Kristen S. | SVP, CFO | M - OptEx | $0.00 | -23.2K | 31.0K | -43% | $0 |
| DM | 2023-02-14 | 2023-02-14 | WES | Shults Kristen S. | SVP, CFO | A - Grant | $0.00 | +64.9K | 16.2K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Units representing limited partner interests | 2023-02-12 | M | A | 3,125 | $0.00 | 12,256 | D | — | — | |
| 2 | Common | Common Units representing limited partner interests | 2023-02-12 | M | A | 4,610 | $0.00 | 10,254 | D | — | — | |
| 3 | Common | Common Units representing limited partner interests | 2023-02-12 | F | D | 1,123 | $28.26 | 9,131 | D | — | — | |
| 4 | Common | Common Units representing limited partner interests | 2023-02-12 | F | D | 3,777 | $28.26 | 23,229 | D | — | — | |
| 5 | Common | Common Units representing limited partner interests | 2023-02-12 | F | D | 761 | $28.26 | 11,495 | D | — | — | |
| 6 | Common | Common Units representing limited partner interests | 2023-02-12 | M | A | 15,511 | $0.00 | 27,006 | D | — | — | |
| 7 | Derivative | 2020 Phantom Units | 2023-02-12 | M | D | 4,610 | $0.00 | 0 | D | — · — to — | 4,610 Common Units representing limited partner interests | (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. (F2) 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. |
| 8 | Derivative | 2021 Phantom Units | 2023-02-12 | M | D | 3,125 | $0.00 | 3,125 | D | — · — to — | 3,125 Common Units representing limited partner interests | (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. (F2) 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. |
| 9 | Derivative | 2023 Performance Unit - ROA | 2023-02-14 | A | A | 16,228 | $0.00 | 16,228 | D | — · 2026-02-12 to 2026-02-12 | 16,228 Common Units representing limited partner interests | (F3) 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. |
| 10 | Derivative | 2023 Phantom Units | 2023-02-14 | A | A | 32,456 | $0.00 | 32,456 | D | — · — to 2026-02-12 | 32,456 Common Units representing limited partner interests | (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. (F2) 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. |
| 11 | Derivative | 2023 Performance Unit - TUR | 2023-02-14 | A | A | 16,228 | $0.00 | 16,228 | D | — · 2026-02-12 to 2026-02-12 | 16,228 Common Units representing limited partner interests | (F3) 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. |
| 12 | Derivative | 2022 Phantom Units | 2023-02-12 | M | D | 15,511 | $0.00 | 31,022 | D | — · — to — | 15,511 Common Units representing limited partner interests | (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. (F2) 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. |