0001423902-24-000006.txt : 20240214 0001423902-24-000006.hdr.sgml : 20240214 20240214182320 ACCESSION NUMBER: 0001423902-24-000006 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240212 FILED AS OF DATE: 20240214 DATE AS OF CHANGE: 20240214 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Ure Michael CENTRAL INDEX KEY: 0001785307 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35753 FILM NUMBER: 24641210 MAIL ADDRESS: STREET 1: 1201 LAKE ROBBINS DR CITY: THE WOODLANDS STATE: TX ZIP: 77380 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Western Midstream Partners, LP CENTRAL INDEX KEY: 0001423902 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 261075656 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 9950 WOODLOCH FOREST DRIVE, SUITE 2800 CITY: THE WOODLANDS STATE: TX ZIP: 77380-7046 BUSINESS PHONE: 346-786-5000 MAIL ADDRESS: STREET 1: 9950 WOODLOCH FOREST DRIVE, SUITE 2800 CITY: THE WOODLANDS STATE: TX ZIP: 77380-7046 FORMER COMPANY: FORMER CONFORMED NAME: Western Gas Equity Partners, LP DATE OF NAME CHANGE: 20121023 FORMER COMPANY: FORMER CONFORMED NAME: WGR Holdings LLC DATE OF NAME CHANGE: 20080115 4 1 wk-form4_1707952988.xml FORM 4 X0508 4 2024-02-12 0 0001423902 Western Midstream Partners, LP WES 0001785307 Ure Michael 9950 WOODLOCH FOREST DR. THE WOODLANDS TX 77380 1 1 0 0 President & CEO 0 Common Units representing limited partner interests 2024-02-12 4 M 0 41982 0 A 318033 D Common Units representing limited partner interests 2024-02-12 4 F 0 16520 28.50 D 301513 D Common Units representing limited partner interests 2024-02-12 4 M 0 28901 0 A 330414 D Common Units representing limited partner interests 2024-02-12 4 F 0 11373 28.50 D 319041 D Common Units representing limited partner interests 2024-02-12 4 M 0 35087 0 A 354128 D Common Units representing limited partner interests 2024-02-12 4 F 0 13807 28.50 D 340321 D Common Units representing limited partner interests 2024-02-13 4 M 0 190979 0 A 531300 D Common Units representing limited partner interests 2024-02-13 4 F 0 75151 27.89 D 456149 D Common Units representing limited partner interests 2024-02-13 4 M 0 165302 0 A 621451 D Common Units representing limited partner interests 2024-02-13 4 F 0 65047 27.89 D 556404 D 2021 Phantom Units 2024-02-12 4 M 0 41982 0 D Common Units representing limited partner interests 41982 0 D 2022 Phantom Units 2024-02-12 4 M 0 28901 0 D Common Units representing limited partner interests 28901 28902 D 2023 Phantom Units 2024-02-12 4 M 0 35087 0 D 2026-02-12 Common Units representing limited partner interests 35087 70176 D 2021 Performance Unit - ROA 2024-02-13 4 M 0 190979 0 D 2024-02-12 2024-02-12 Common Units representing limited partner interests 190979 0 D 2021 Performance Unit - TUR 2024-02-13 4 M 0 165302 0 D 2024-02-12 2024-02-12 Common Units representing limited partner interests 165302 0 D 2024 Phantom Units 2024-02-13 4 A 0 150592 0 A 2027-02-12 Common Units representing limited partner interests 150592 150592 D 2024 Performance Unit - ROA 2024-02-13 4 A 0 75296 0 A 2027-02-12 2027-02-12 Common Units representing limited partner interests 75296 75296 D 2024 Performance Unit - TUR 2024-02-13 4 A 0 75296 0 A 2027-02-12 2027-02-12 Common Units representing limited partner interests 75296 75296 D 2023 Performance Unit - ROA 2026-02-12 2026-02-12 Common Units representing limited partner interests 52632 52632 D 2023 Performance Unit - TUR 2026-02-12 2026-02-12 Common Units representing limited partner interests 52632 52632 D 2022 Performance Unit - ROA 2025-02-12 2025-02-12 Common Units representing limited partner interests 43353 43353 D 2022 Performance Unit - TUR 2025-02-12 2025-02-12 Common Units representing limited partner interests 43353 43353 D 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 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. 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. /s/ Philip C. Neisel, as attorney-in-fact 2024-02-14