Form 4: Western Midstream Partners CEO Oscar K. Brown Reports Transaction

Oscar K. Brown, President & CEO of Western Midstream Partners, LP, reports the disposition of 5,199 common units and acquisition of 5,199 phantom units on February 12, 2025.

Summary

• On February 12, 2025, Oscar K. Brown, the President & CEO of Western Midstream Partners, LP (WES), reported a transaction involving the company's securities.
• Brown disposed of 5,199 common units representing limited partner interests.
• Simultaneously, Brown acquired 5,199 phantom units.
• Following the reported transaction, Brown beneficially owns 39,990 common units.
• Brown also holds 157,978 phantom units from 2024, which vest ratably over a three-year period starting October 28th each year.

Sentiment

Score: 5

Explanation: This is a neutral report of an insider transaction. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It is a standard practice in publicly traded companies to ensure compliance with SEC regulations.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The vesting schedule of the phantom units (ratably over three years) is a common incentive structure used in the industry.
• The disclosure of beneficial ownership aligns with SEC regulations and promotes transparency.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation and ownership.
• The vesting schedule of phantom units incentivizes management to focus on long-term value creation.

Key Dates