Form 4: Western Midstream Partners Director Increases Stake with Recent Unit Purchases

Director Oscar K. Brown reports purchasing 7,000 common units of Western Midstream Partners, LP (WES) in late February 2024.

Summary

• Oscar K. Brown, a director of Western Midstream Partners, LP, has reported the acquisition of additional common units representing limited partner interests.
• On February 27, 2024, Brown purchased 3,500 units at a weighted average price of $34.1376, with individual prices ranging from $33.8832 to $34.3135.
• Following this transaction, Brown directly owned 31,291 units.
• On February 28, 2024, Brown purchased another 3,500 units at a weighted average price of $33.3532, with individual prices ranging from $33.30 to $33.3961.
• After the second purchase, Brown's direct ownership increased to 34,791 units.
• Brown also holds 5,199 phantom units, each equivalent to one WES common unit, which will be settled in common units or cash at the discretion of the Board of Directors upon vesting on February 12, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director purchasing shares suggests confidence, but it's a relatively small transaction.

Positives

• A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Insider transactions are closely monitored in the energy sector, as they can provide insights into management's perspective on the company's performance and future prospects within the industry.

Stakeholder Impact

• The director's purchase could positively influence shareholder sentiment.

Key Dates