FORSYTH MICHAEL S. (SVP, North Operations) exercised options at WESTERN MIDSTREAM PARTNERS, LP

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 3 exercises

FORSYTH MICHAEL S.

Filed: 2/14/2024ACC: 0001423902-24-000014

InsiderFORSYTH MICHAEL S.CIK 1949639

→

IssuerWESTERN MIDSTREAM PARTNERS, LPCIK 1423902

Officer· SVP, North Operations

Since Oct 2022

+82.90K

Net shares

Net buyer

$192.0K

Total sold

Open market trades

0B · 0S

Total transactions

106.46K acquired · 23.56K disposed

Non-Derivative Transactions6

Common Units representing limited partner interests

Direct

M · Option Exercise

+3.21K

Price / share

—

Trade value

—

% of position

19.8%

2/12/2024

16.23K→19.44K

Common Units representing limited partner interests

Direct

F · Tax Withholding

−1.38K

Price / share

$28.50

Trade value

$39.42K

% of position

7.1%

2/12/2024

19.44K→18.06K

Common Units representing limited partner interests

Direct

M · Option Exercise

+2.79K

Price / share

—

Trade value

—

% of position

15.4%

2/12/2024

18.06K→20.85K

Common Units representing limited partner interests

Direct

F · Tax Withholding

−1.10K

Price / share

$28.50

Trade value

$31.24K

% of position

5.3%

2/12/2024

20.85K→19.75K

Common Units representing limited partner interests

Direct

M · Option Exercise

+10.82K

Price / share

—

Trade value

—

% of position

54.8%

2/12/2024

19.75K→30.57K

Common Units representing limited partner interests

Direct

F · Tax Withholding

−4.26K

Price / share

$28.50

Trade value

$121.32K

% of position

13.9%

2/12/2024

30.57K→26.31K

Total

Net shares

+10.09K

Net value

-$191.98K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Units representing limited partner interests Direct	2/12/2024	M · Option Exercise	+3.21K	—	—	19.8%	16.23K	19.44K
Common Units representing limited partner interests Direct	2/12/2024	F · Tax Withholding	−1.38K	$28.50	$39.42K	7.1%	19.44K	18.06K
Common Units representing limited partner interests Direct	2/12/2024	M · Option Exercise	+2.79K	—	—	15.4%	18.06K	20.85K
Common Units representing limited partner interests Direct	2/12/2024	F · Tax Withholding	−1.10K	$28.50	$31.24K	5.3%	20.85K	19.75K
Common Units representing limited partner interests Direct	2/12/2024	M · Option Exercise	+10.82K	—	—	54.8%	19.75K	30.57K
Common Units representing limited partner interests Direct	2/12/2024	F · Tax Withholding	−4.26K	$28.50	$121.32K	13.9%	30.57K	26.31K
Total			+10.09K		-$191.98K

Derivative Transactions6

2021 Phantom Units

Direct

M · Option Exercise

Converts to

Common Units representing limited partner interests

3.21K shares

−3.21K

Strike price

Held after

0.00

Exercisable

—

2/12/2024

2022 Phantom Units

Direct

M · Option Exercise

Converts to

Common Units representing limited partner interests

2.79K shares

−2.79K

Strike price

Held after

2.79K

Exercisable

—

2/12/2024

2023 Phantom Units

Direct

M · Option Exercise

Converts to

Common Units representing limited partner interests

10.82K shares

−10.82K

Strike price

Held after

21.64K

Exercisable

—

2/12/2024

2024 Phantom Units

Direct

A · Award

Converts to

Common Units representing limited partner interests

44.82K shares

+44.82K

Strike price

Held after

44.82K

Exercisable

—

2/13/2024

2024 Performance Unit - ROA

Direct

A · Award

Converts to

Common Units representing limited partner interests

22.41K shares

+22.41K

Strike price

Held after

22.41K

Exercisable

—

2/13/2024

2024 Performance Unit - TUR

Direct

A · Award

Converts to

Common Units representing limited partner interests

22.41K shares

+22.41K

Strike price

Held after

22.41K

Exercisable

—

2/13/2024

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
2021 Phantom Units Direct	Common Units representing limited partner interests3.21K shares	2/12/2024	M · Option Exercise	−3.21K		—	0.00
2022 Phantom Units Direct	Common Units representing limited partner interests2.79K shares	2/12/2024	M · Option Exercise	−2.79K	0	—	2.79K
2023 Phantom Units Direct	Common Units representing limited partner interests10.82K shares	2/12/2024	M · Option Exercise	−10.82K		—	21.64K
2024 Phantom Units Direct	Common Units representing limited partner interests44.82K shares	2/13/2024	A · Award	+44.82K		—	44.82K
2024 Performance Unit - ROA Direct	Common Units representing limited partner interests22.41K shares	2/13/2024	A · Award	+22.41K		—	22.41K
2024 Performance Unit - TUR Direct	Common Units representing limited partner interests22.41K shares	2/13/2024	A · Award	+22.41K		—	22.41K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)2

2023 Performance Unit - TUR

Direct

Underlying security

Common Units representing limited partner interests

Underlying shares

16.23K

Shares owned

16.23K

Exercise price

Expiration

—

Exercise window

—

2023 Performance Unit - ROA

Direct

Underlying security

Common Units representing limited partner interests

Underlying shares

16.23K

Shares owned

16.23K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

32.46K

Owned

32.46K

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
2023 Performance Unit - TUR Direct	Common Units representing limited partner interests	—	—	16.23K	16.23K
2023 Performance Unit - ROA Direct	Common Units representing limited partner interests	—	—	16.23K	16.23K
Total				32.46K	32.46K