NEBREDA ALEJANDRO O (SVP, Business Services) 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

NEBREDA ALEJANDRO O

Filed: 2/14/2024ACC: 0001423902-24-000012

InsiderNEBREDA ALEJANDRO OCIK 1976757

→

IssuerWESTERN MIDSTREAM PARTNERS, LPCIK 1423902

Officer· SVP, Business Services

Since May 2023

+77.94K

Net shares

Net buyer

$333.4K

Total sold

Open market trades

0B · 0S

Total transactions

119.11K acquired · 41.17K disposed

Non-Derivative Transactions6

Common Units representing limited partner interests

Direct

M · Option Exercise

+7.14K

Price / share

—

Trade value

—

% of position

15.3%

2/12/2024

46.58K→53.72K

Common Units representing limited partner interests

Direct

F · Tax Withholding

−2.91K

Price / share

$28.50

Trade value

$82.85K

% of position

5.4%

2/12/2024

53.72K→50.81K

Common Units representing limited partner interests

Direct

M · Option Exercise

+11.47K

Price / share

—

Trade value

—

% of position

22.6%

2/12/2024

50.81K→62.28K

Common Units representing limited partner interests

Direct

F · Tax Withholding

−4.51K

Price / share

$28.50

Trade value

$128.68K

% of position

7.2%

2/12/2024

62.28K→57.77K

Common Units representing limited partner interests

Direct

M · Option Exercise

+10.86K

Price / share

—

Trade value

—

% of position

18.8%

2/12/2024

57.77K→68.63K

Common Units representing limited partner interests

Direct

F · Tax Withholding

−4.28K

Price / share

$28.50

Trade value

$121.84K

% of position

6.2%

2/12/2024

68.63K→64.36K

Total

Net shares

+17.78K

Net value

-$333.36K

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	+7.14K	—	—	15.3%	46.58K	53.72K
Common Units representing limited partner interests Direct	2/12/2024	F · Tax Withholding	−2.91K	$28.50	$82.85K	5.4%	53.72K	50.81K
Common Units representing limited partner interests Direct	2/12/2024	M · Option Exercise	+11.47K	—	—	22.6%	50.81K	62.28K
Common Units representing limited partner interests Direct	2/12/2024	F · Tax Withholding	−4.51K	$28.50	$128.68K	7.2%	62.28K	57.77K
Common Units representing limited partner interests Direct	2/12/2024	M · Option Exercise	+10.86K	—	—	18.8%	57.77K	68.63K
Common Units representing limited partner interests Direct	2/12/2024	F · Tax Withholding	−4.28K	$28.50	$121.84K	6.2%	68.63K	64.36K
Total			+17.78K		-$333.36K

Derivative Transactions6

2021 Phantom Units

Direct

M · Option Exercise

Converts to

Common Units representing limited partner interests

7.14K shares

−7.14K

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

11.47K shares

−11.47K

Strike price

Held after

11.47K

Exercisable

—

2/12/2024

2023 Phantom Units

Direct

M · Option Exercise

Converts to

Common Units representing limited partner interests

10.86K shares

−10.86K

Strike price

Held after

21.73K

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	Exercisable	Held After
2021 Phantom Units Direct	Common Units representing limited partner interests7.14K shares	2/12/2024	M · Option Exercise	−7.14K	—	0.00
2022 Phantom Units Direct	Common Units representing limited partner interests11.47K shares	2/12/2024	M · Option Exercise	−11.47K	—	11.47K
2023 Phantom Units Direct	Common Units representing limited partner interests10.86K shares	2/12/2024	M · Option Exercise	−10.86K	—	21.73K
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 - ROA

Direct

Underlying security

Common Units representing limited partner interests

Underlying shares

16.30K

Shares owned

16.30K

Exercise price

Expiration

—

Exercise window

—

2023 Performance Unit - TUR

Direct

Underlying security

Common Units representing limited partner interests

Underlying shares

16.30K

Shares owned

16.30K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

32.59K

Owned

32.59K

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
2023 Performance Unit - ROA Direct	Common Units representing limited partner interests	—	—	16.30K	16.30K
2023 Performance Unit - TUR Direct	Common Units representing limited partner interests	—	—	16.30K	16.30K
Total				32.59K	32.59K