0001423902-25-000017.txt : 20250221 0001423902-25-000017.hdr.sgml : 20250221 20250221160601 ACCESSION NUMBER: 0001423902-25-000017 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20250220 FILED AS OF DATE: 20250221 DATE AS OF CHANGE: 20250221 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Shults Kristen S. CENTRAL INDEX KEY: 0001925496 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35753 FILM NUMBER: 25651720 MAIL ADDRESS: STREET 1: 9950 WOODLOCH FOREST DR STREET 2: SUITE 2800 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_1740171953.xml FORM 4 X0508 4 2025-02-20 0 0001423902 Western Midstream Partners, LP WES 0001925496 Shults Kristen S. 9950 WOODLOCH FOREST DR. THE WOODLANDS TX 77380 0 1 0 0 SVP & Chief Financial Officer 0 Common Units representing limited partner interests 2025-02-20 4 M 0 16257 0 A 82255 D Common Units representing limited partner interests 2025-02-20 4 F 0 6398 41.63 D 75857 D Common Units representing limited partner interests 2025-02-20 4 M 0 20235 0 A 96092 D Common Units representing limited partner interests 2025-02-20 4 F 0 7963 41.63 D 88129 D 2022 Performance Unit - TUR 2025-02-20 4 M 0 16257 0 D 2025-02-12 2025-02-12 Common Units representing limited partner interests 16257 0 D 2022 Performance Unit - ROA 2025-02-20 4 M 0 20235 0 D 2025-02-12 2025-02-12 Common Units representing limited partner interests 20235 0 D 2025 Phantom Units 2025-02-20 4 A 0 30026 0 A 2028-02-12 Common Units representing limited partner interests 30026 30026 D 2025 Performance Unit-TUR 2025-02-20 4 A 0 15013 0 A 2028-02-12 2028-02-12 Common Units representing limited partner interests 15013 15013 D 2025 Performance Unit-ROA 2025-02-20 4 A 0 15013 0 A 2028-02-12 2028-02-12 Common Units representing limited partner interests 15013 15013 D 2023 Phantom Units 2026-02-12 Common Units representing limited partner interests 10819 10819 D 2023 Performance Unit - TUR 2026-02-12 2026-02-12 Common Units representing limited partner interests 16228 16228 D 2023 Performance Unit - ROA 2026-02-12 2026-02-12 Common Units representing limited partner interests 16228 16228 D 2024 Phantom Units 2027-02-12 Common Units representing limited partner interests 29879 29879 D 2024 Performance Unit - TUR 2027-02-12 2027-02-12 Common Units representing limited partner interests 22409 22409 D 2024 Performance Unit - ROA 2027-02-12 2027-02-12 Common Units representing limited partner interests 22409 22409 D 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. 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. /s/ Philip C. Neisel, as attorney-in-fact 2025-02-21