URE MICHAEL (President & CEO) exercised options at WESTERN MIDSTREAM PARTNERS, LP

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

M · 5 exercises

URE MICHAEL

Filed: 2/14/2024ACC: 0001423902-24-000006

InsiderURE MICHAELCIK 1785307

→

IssuerWESTERN MIDSTREAM PARTNERS, LPCIK 1423902

DirectorOfficer· President & CEO

Since Aug 2019

+119.29K

Net shares

Net buyer

$5.10M

Total sold

Open market trades

0B · 0S

Total transactions

763.43K acquired · 644.15K disposed

Non-Derivative Transactions10

Common Units representing limited partner interests

Direct

M · Option Exercise

+41.98K

Price / share

—

Trade value

—

% of position

15.2%

2/12/2024

276.05K→318.03K

Common Units representing limited partner interests

Direct

F · Tax Withholding

−16.52K

Price / share

$28.50

Trade value

$470.82K

% of position

5.2%

2/12/2024

318.03K→301.51K

Common Units representing limited partner interests

Direct

M · Option Exercise

+28.90K

Price / share

—

Trade value

—

% of position

9.6%

2/12/2024

301.51K→330.41K

Common Units representing limited partner interests

Direct

F · Tax Withholding

−11.37K

Price / share

$28.50

Trade value

$324.13K

% of position

3.4%

2/12/2024

330.41K→319.04K

Common Units representing limited partner interests

Direct

M · Option Exercise

+35.09K

Price / share

—

Trade value

—

% of position

11.0%

2/12/2024

319.04K→354.13K

Common Units representing limited partner interests

Direct

F · Tax Withholding

−13.81K

Price / share

$28.50

Trade value

$393.50K

% of position

3.9%

2/12/2024

354.13K→340.32K

Common Units representing limited partner interests

Direct

M · Option Exercise

+190.98K

Price / share

—

Trade value

—

% of position

56.1%

2/13/2024

340.32K→531.30K

Common Units representing limited partner interests

Direct

F · Tax Withholding

−75.15K

Price / share

$27.89

Trade value

$2.10M

% of position

14.1%

2/13/2024

531.30K→456.15K

Common Units representing limited partner interests

Direct

M · Option Exercise

+165.30K

Price / share

—

Trade value

—

% of position

36.2%

2/13/2024

456.15K→621.45K

Common Units representing limited partner interests

Direct

F · Tax Withholding

−65.05K

Price / share

$27.89

Trade value

$1.81M

% of position

10.5%

2/13/2024

621.45K→556.40K

Total

Net shares

+280.35K

Net value

-$5.10M

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	+41.98K	—	—	15.2%	276.05K	318.03K
Common Units representing limited partner interests Direct	2/12/2024	F · Tax Withholding	−16.52K	$28.50	$470.82K	5.2%	318.03K	301.51K
Common Units representing limited partner interests Direct	2/12/2024	M · Option Exercise	+28.90K	—	—	9.6%	301.51K	330.41K
Common Units representing limited partner interests Direct	2/12/2024	F · Tax Withholding	−11.37K	$28.50	$324.13K	3.4%	330.41K	319.04K
Common Units representing limited partner interests Direct	2/12/2024	M · Option Exercise	+35.09K	—	—	11.0%	319.04K	354.13K
Common Units representing limited partner interests Direct	2/12/2024	F · Tax Withholding	−13.81K	$28.50	$393.50K	3.9%	354.13K	340.32K
Common Units representing limited partner interests Direct	2/13/2024	M · Option Exercise	+190.98K	—	—	56.1%	340.32K	531.30K
Common Units representing limited partner interests Direct	2/13/2024	F · Tax Withholding	−75.15K	$27.89	$2.10M	14.1%	531.30K	456.15K
Common Units representing limited partner interests Direct	2/13/2024	M · Option Exercise	+165.30K	—	—	36.2%	456.15K	621.45K
Common Units representing limited partner interests Direct	2/13/2024	F · Tax Withholding	−65.05K	$27.89	$1.81M	10.5%	621.45K	556.40K
Total			+280.35K		-$5.10M

Derivative Transactions8

2021 Phantom Units

Direct

M · Option Exercise

Converts to

Common Units representing limited partner interests

41.98K shares

−41.98K

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

28.90K shares

−28.90K

Strike price

Held after

28.90K

Exercisable

—

2/12/2024

2023 Phantom Units

Direct

M · Option Exercise

Converts to

Common Units representing limited partner interests

35.09K shares

−35.09K

Strike price

Held after

70.18K

Exercisable

—

2/12/2024

2021 Performance Unit - ROA

Direct

M · Option Exercise

Converts to

Common Units representing limited partner interests

190.98K shares

−190.98K

Strike price

Held after

0.00

Exercisable

—

2/13/2024

2021 Performance Unit - TUR

Direct

M · Option Exercise

Converts to

Common Units representing limited partner interests

165.30K shares

−165.30K

Strike price

Held after

0.00

Exercisable

—

2/13/2024

2024 Phantom Units

Direct

A · Award

Converts to

Common Units representing limited partner interests

150.59K shares

+150.59K

Strike price

Held after

150.59K

Exercisable

—

2/13/2024

2024 Performance Unit - ROA

Direct

A · Award

Converts to

Common Units representing limited partner interests

75.30K shares

+75.30K

Strike price

Held after

75.30K

Exercisable

—

2/13/2024

2024 Performance Unit - TUR

Direct

A · Award

Converts to

Common Units representing limited partner interests

75.30K shares

+75.30K

Strike price

Held after

75.30K

Exercisable

—

2/13/2024

Security	Converts To	Date	Type	Shares	Exercisable	Held After
2021 Phantom Units Direct	Common Units representing limited partner interests41.98K shares	2/12/2024	M · Option Exercise	−41.98K	—	0.00
2022 Phantom Units Direct	Common Units representing limited partner interests28.90K shares	2/12/2024	M · Option Exercise	−28.90K	—	28.90K
2023 Phantom Units Direct	Common Units representing limited partner interests35.09K shares	2/12/2024	M · Option Exercise	−35.09K	—	70.18K
2021 Performance Unit - ROA Direct	Common Units representing limited partner interests190.98K shares	2/13/2024	M · Option Exercise	−190.98K	—	0.00
2021 Performance Unit - TUR Direct	Common Units representing limited partner interests165.30K shares	2/13/2024	M · Option Exercise	−165.30K	—	0.00
2024 Phantom Units Direct	Common Units representing limited partner interests150.59K shares	2/13/2024	A · Award	+150.59K	—	150.59K
2024 Performance Unit - ROA Direct	Common Units representing limited partner interests75.30K shares	2/13/2024	A · Award	+75.30K	—	75.30K
2024 Performance Unit - TUR Direct	Common Units representing limited partner interests75.30K shares	2/13/2024	A · Award	+75.30K	—	75.30K

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)4

2022 Performance Unit - ROA

Direct

Underlying security

Common Units representing limited partner interests

Underlying shares

43.35K

Shares owned

43.35K

Exercise price

Expiration

—

Exercise window

—

2022 Performance Unit - TUR

Direct

Underlying security

Common Units representing limited partner interests

Underlying shares

43.35K

Shares owned

43.35K

Exercise price

Expiration

—

Exercise window

—

2023 Performance Unit - ROA

Direct

Underlying security

Common Units representing limited partner interests

Underlying shares

52.63K

Shares owned

52.63K

Exercise price

Expiration

—

Exercise window

—

2023 Performance Unit - TUR

Direct

Underlying security

Common Units representing limited partner interests

Underlying shares

52.63K

Shares owned

52.63K

Exercise price

Expiration

—

Exercise window

—

Total

Underlying

191.97K

Owned

191.97K

Security	Underlying	Exercise Window	Expiration	Underlying Shares	Shares Owned
2022 Performance Unit - ROA Direct	Common Units representing limited partner interests	—	—	43.35K	43.35K
2022 Performance Unit - TUR Direct	Common Units representing limited partner interests	—	—	43.35K	43.35K
2023 Performance Unit - ROA Direct	Common Units representing limited partner interests	—	—	52.63K	52.63K
2023 Performance Unit - TUR Direct	Common Units representing limited partner interests	—	—	52.63K	52.63K
Total				191.97K	191.97K