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: 2/14/2024ACC: 0001423902-24-000009

InsiderSHULTS KRISTEN S.CIK 1925496

→

IssuerWESTERN MIDSTREAM PARTNERS, LPCIK 1423902

Officer· SVP & Chief Financial Officer

Since May 2022

+77.95K

Net shares

Net buyer

$336.6K

Total sold

Open market trades

0B · 0S

Total transactions

119.09K acquired · 41.14K disposed

Non-Derivative Transactions6

Common Units representing limited partner interests

Direct

M · Option Exercise

+3.13K

Price / share

—

Trade value

—

% of position

13.5%

2/12/2024

23.23K→26.35K

Common Units representing limited partner interests

Direct

F · Tax Withholding

−1.32K

Price / share

$28.80

Trade value

$38.13K

% of position

5.0%

2/12/2024

26.35K→25.03K

Common Units representing limited partner interests

Direct

M · Option Exercise

+15.51K

Price / share

—

Trade value

—

% of position

62.0%

2/12/2024

25.03K→40.54K

Common Units representing limited partner interests

Direct

F · Tax Withholding

−6.11K

Price / share

$28.80

Trade value

$175.82K

% of position

15.1%

2/12/2024

40.54K→34.44K

Common Units representing limited partner interests

Direct

M · Option Exercise

+10.82K

Price / share

—

Trade value

—

% of position

31.4%

2/12/2024

34.44K→45.25K

Common Units representing limited partner interests

Direct

F · Tax Withholding

−4.26K

Price / share

$28.80

Trade value

$122.60K

% of position

9.4%

2/12/2024

45.25K→41K

Total

Net shares

+17.77K

Net value

-$336.56K

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	+3.13K	—	—	13.5%	23.23K	26.35K
Common Units representing limited partner interests Direct	2/12/2024	F · Tax Withholding	−1.32K	$28.80	$38.13K	5.0%	26.35K	25.03K
Common Units representing limited partner interests Direct	2/12/2024	M · Option Exercise	+15.51K	—	—	62.0%	25.03K	40.54K
Common Units representing limited partner interests Direct	2/12/2024	F · Tax Withholding	−6.11K	$28.80	$175.82K	15.1%	40.54K	34.44K
Common Units representing limited partner interests Direct	2/12/2024	M · Option Exercise	+10.82K	—	—	31.4%	34.44K	45.25K
Common Units representing limited partner interests Direct	2/12/2024	F · Tax Withholding	−4.26K	$28.80	$122.60K	9.4%	45.25K	41K
Total			+17.77K		-$336.56K

Derivative Transactions6

2021 Phantom Units

Direct

M · Option Exercise

Converts to

Common Units representing limited partner interests

3.13K shares

−3.13K

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

15.51K shares

−15.51K

Strike price

Held after

15.51K

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	Exercisable	Held After
2021 Phantom Units Direct	Common Units representing limited partner interests3.13K shares	2/12/2024	M · Option Exercise	−3.13K	—	0.00
2022 Phantom Units Direct	Common Units representing limited partner interests15.51K shares	2/12/2024	M · Option Exercise	−15.51K	—	15.51K
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)4

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

—

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

—

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

—

Total

Underlying

54.13K

Owned

54.13K

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
2023 Performance Unit - ROA Direct	Common Units representing limited partner interests	—	—	16.23K	16.23K
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
2023 Performance Unit - TUR Direct	Common Units representing limited partner interests	—	—	16.23K	16.23K
Total				54.13K	54.13K