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