Form 4 for WES Western Midstream Partners, LP
Accepted 2024-02-14 00:00:00 ET · period of report 2024-02-12 · accession 0001423902-24-000013 · 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 | 2024-02-14 | 2024-02-12 | WES | Holderman Daniel P. | SVP, South Ops | F - Tax | $28.50 | -4,467 | 15.9K | -22% | -$127.3K |
| DM | 2024-02-14 | 2024-02-12 | WES | Holderman Daniel P. | SVP, South Ops | M - OptEx | $0.00 | +17.9K | 18.5K | +2,750% | $0 |
| DM | 2024-02-14 | 2024-02-13 | WES | Holderman Daniel P. | SVP, South Ops | A - Grant | $0.00 | +89.6K | 22.4K | New | $0 |
| DM | 2024-02-14 | 2024-02-12 | WES | Holderman Daniel P. | SVP, South Ops | M - OptEx | $0.00 | -17.9K | 7,055 | -72% | $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 | 2024-02-12 | F | D | 1,832 | $28.50 | 7,704 | D | — | — | |
| 2 | Common | Common Units representing limited partner interests | 2024-02-12 | M | A | 7,054 | $0.00 | 9,536 | D | — | — | |
| 3 | Common | Common Units representing limited partner interests | 2024-02-12 | M | A | 10,818 | $0.00 | 18,522 | D | — | — | |
| 4 | Common | Common Units representing limited partner interests | 2024-02-12 | F | D | 2,635 | $28.50 | 15,887 | D | — | — | |
| 5 | Derivative | 2024 Performance Unit - ROA | 2024-02-13 | A | A | 22,409 | $0.00 | 22,409 | D | — · 2027-02-12 to 2027-02-12 | 22,409 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. |
| 6 | Derivative | 2024 Phantom Units | 2024-02-13 | A | A | 44,819 | $0.00 | 44,819 | D | — · — to 2027-02-12 | 44,819 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. |
| 7 | Derivative | 2023 Phantom Units | 2024-02-12 | M | D | 10,818 | $0.00 | 21,638 | D | — · — to 2026-02-12 | 10,818 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. |
| 8 | Derivative | 2022 Phantom Units | 2024-02-12 | M | D | 7,054 | $0.00 | 7,055 | D | — · — to — | 7,054 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. |
| 9 | Derivative | 2024 Performance Unit - TUR | 2024-02-13 | A | A | 22,409 | $0.00 | 22,409 | D | — · 2027-02-12 to 2027-02-12 | 22,409 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. |