Form 4: Western Midstream Partners Director Acquires Phantom Units
SEC Form 4
Director Kenneth F. Owen acquires phantom units representing limited partner interests in Western Midstream Partners, LP.
Summary
- On February 20, 2025, Kenneth F. Owen, a director of Western Midstream Partners, LP, acquired 3,843 phantom units.
- These phantom units are the economic equivalent of WES common units representing limited partnership interests.
- Upon vesting, the holder will receive a common unit or cash equal to the fair market value of a common unit, at the discretion of the Board of Directors of the General Partner.
- Following the transaction, Mr. Owen directly owns 37,929 common units representing limited partner interests and 3,843 phantom units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a transaction by a company director, indicating a neutral sentiment.
Industry Context
This filing reflects routine transactions by company insiders and is a normal part of corporate governance and regulatory compliance.
Stakeholder Impact
- The acquisition of phantom units by a director aligns their interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/20/2025 | Date of transaction: Kenneth F. Owen acquired phantom units. |
| 02/12/2026 | Date exercisable and expiration date for the phantom units. |
| 02/21/2025 | Date of signature for the report. |
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