Form 4 for WES Western Midstream Partners, LP
Accepted 2023-02-14 00:00:00 ET · period of report 2023-02-12 · accession 0001423902-23-000010 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-02-14 | 2023-02-12 | WES | Holderman Daniel P. | SVP, South Ops | F - Tax | $28.26 | -1,046 | 2,482 | -30% | -$29.6K |
| D | 2023-02-14 | 2023-02-12 | WES | Holderman Daniel P. | SVP, South Ops | M - OptEx | $0.00 | +3,528 | 3,528 | New | $0 |
| DM | 2023-02-14 | 2023-02-14 | WES | Holderman Daniel P. | SVP, South Ops | A - Grant | $0.00 | +64.9K | 32.5K | New | $0 |
| D | 2023-02-14 | 2023-02-12 | WES | Holderman Daniel P. | SVP, South Ops | M - OptEx | $0.00 | -3,528 | 14.1K | -20% | $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 | F | D | 1,046 | $28.26 | 2,482 | D | — | — | |
| 2 | Common | Common Units representing limited partner interests | 2023-02-12 | M | A | 3,528 | $0.00 | 3,528 | D | — | — | |
| 3 | 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 | (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. |
| 4 | 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 | (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. |
| 5 | Derivative | 2022 Phantom Units | 2023-02-12 | M | D | 3,528 | $0.00 | 14,109 | D | — · — to — | 3,528 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) The Phantom Units vest in three annual installments 20% on February 12, 2023, 40% on February 12, 2024, and 40% on February 12, 2025, and will pay distribution equivalent rights in cash prior to vesting. |
| 6 | 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. (F3) 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. |