SHULTS KRISTEN S. (SVP & Chief Financial Officer) 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

SHULTS KRISTEN S.

Filed: 2/14/2023ACC: 0001423902-23-000007

InsiderSHULTS KRISTEN S.CIK 1925496

→

IssuerWESTERN MIDSTREAM PARTNERS, LPCIK 1423902

Officer· SVP & Chief Financial Officer

Since May 2022

+59.25K

Net shares

Net buyer

$160.0K

Total sold

Open market trades

0B · 0S

Total transactions

88.16K acquired · 28.91K disposed

Non-Derivative Transactions6

Common Units representing limited partner interests

Direct

M · Option Exercise

+4.61K

Price / share

—

Trade value

—

% of position

81.7%

2/12/2023

5.64K→10.25K

Common Units representing limited partner interests

Direct

F · Tax Withholding

−1.12K

Price / share

$28.26

Trade value

$31.74K

% of position

11.0%

2/12/2023

10.25K→9.13K

Common Units representing limited partner interests

Direct

M · Option Exercise

+3.13K

Price / share

—

Trade value

—

% of position

34.2%

2/12/2023

9.13K→12.26K

Common Units representing limited partner interests

Direct

F · Tax Withholding

−761.00

Price / share

$28.26

Trade value

$21.51K

% of position

6.2%

2/12/2023

12.26K→11.49K

Common Units representing limited partner interests

Direct

M · Option Exercise

+15.51K

Price / share

—

Trade value

—

% of position

134.9%

2/12/2023

11.49K→27.01K

Common Units representing limited partner interests

Direct

F · Tax Withholding

−3.78K

Price / share

$28.26

Trade value

$106.74K

% of position

14.0%

2/12/2023

27.01K→23.23K

Total

Net shares

+17.59K

Net value

-$159.98K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Units representing limited partner interests Direct	2/12/2023	M · Option Exercise	+4.61K	—	—	81.7%	5.64K	10.25K
Common Units representing limited partner interests Direct	2/12/2023	F · Tax Withholding	−1.12K	$28.26	$31.74K	11.0%	10.25K	9.13K
Common Units representing limited partner interests Direct	2/12/2023	M · Option Exercise	+3.13K	—	—	34.2%	9.13K	12.26K
Common Units representing limited partner interests Direct	2/12/2023	F · Tax Withholding	−761.00	$28.26	$21.51K	6.2%	12.26K	11.49K
Common Units representing limited partner interests Direct	2/12/2023	M · Option Exercise	+15.51K	—	—	134.9%	11.49K	27.01K
Common Units representing limited partner interests Direct	2/12/2023	F · Tax Withholding	−3.78K	$28.26	$106.74K	14.0%	27.01K	23.23K
Total			+17.59K		-$159.98K

Derivative Transactions6

2020 Phantom Units

Direct

M · Option Exercise

Converts to

Common Units representing limited partner interests

4.61K shares

−4.61K

Strike price

Held after

0.00

Exercisable

—

2/12/2023

2021 Phantom Units

Direct

M · Option Exercise

Converts to

Common Units representing limited partner interests

3.13K shares

−3.13K

Strike price

Held after

3.13K

Exercisable

—

2/12/2023

2022 Phantom Units

Direct

M · Option Exercise

Converts to

Common Units representing limited partner interests

15.51K shares

−15.51K

Strike price

Held after

31.02K

Exercisable

—

2/12/2023

2023 Phantom Units

Direct

A · Award

Converts to

Common Units representing limited partner interests

32.46K shares

+32.46K

Strike price

Held after

32.46K

Exercisable

—

2/14/2023

2023 Performance Unit - TUR

Direct

A · Award

Converts to

Common Units representing limited partner interests

16.23K shares

+16.23K

Strike price

Held after

16.23K

Exercisable

—

2/14/2023

2023 Performance Unit - ROA

Direct

A · Award

Converts to

Common Units representing limited partner interests

16.23K shares

+16.23K

Strike price

Held after

16.23K

Exercisable

—

2/14/2023

Security	Converts To	Date	Type	Shares	Exercisable	Held After
2020 Phantom Units Direct	Common Units representing limited partner interests4.61K shares	2/12/2023	M · Option Exercise	−4.61K	—	0.00
2021 Phantom Units Direct	Common Units representing limited partner interests3.13K shares	2/12/2023	M · Option Exercise	−3.13K	—	3.13K
2022 Phantom Units Direct	Common Units representing limited partner interests15.51K shares	2/12/2023	M · Option Exercise	−15.51K	—	31.02K
2023 Phantom Units Direct	Common Units representing limited partner interests32.46K shares	2/14/2023	A · Award	+32.46K	—	32.46K
2023 Performance Unit - TUR Direct	Common Units representing limited partner interests16.23K shares	2/14/2023	A · Award	+16.23K	—	16.23K
2023 Performance Unit - ROA Direct	Common Units representing limited partner interests16.23K shares	2/14/2023	A · Award	+16.23K	—	16.23K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)2

2022 Performance Unit - TUR

Direct

Underlying security

Common Units representing limited partner interests

Underlying shares

10.84K

Shares owned

10.84K

Exercise price

Expiration

—

Exercise window

—

2022 Performance Unit - ROA

Direct

Underlying security

Common Units representing limited partner interests

Underlying shares

10.84K

Shares owned

10.84K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

21.68K

Owned

21.68K

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
2022 Performance Unit - TUR Direct	Common Units representing limited partner interests	—	—	10.84K	10.84K
2022 Performance Unit - ROA Direct	Common Units representing limited partner interests	—	—	10.84K	10.84K
Total				21.68K	21.68K