Form 4: Western Midstream Partners Director Kenneth F. Owen Acquires 7,000 Common Units

Director Kenneth F. Owen of Western Midstream Partners, LP [WES] purchased 7,000 common units at $33.96 on February 26, 2024, increasing his holdings to 32,730 units.

Summary

• On February 26, 2024, Kenneth F. Owen, a director of Western Midstream Partners, LP (WES), acquired 7,000 common units of the company at a price of $33.96 per unit.
• This transaction increased Owen's direct ownership to 32,730 common units.
• Owen also holds 5,199 phantom units, each representing the economic equivalent of one WES common unit, which vest on February 12, 2025.
• Upon vesting, these phantom units will be settled in common units or cash at the discretion of the Board of Directors of the General Partner.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. The director's purchase is a positive signal, but it's a routine filing.

Positives

• Director's purchase of company stock may signal confidence in the company's future performance.

Future Outlook

The document does not contain specific forward-looking statements, but the director's purchase could be interpreted as a positive signal.

Industry Context

Insider transactions are closely monitored as they can provide insights into a company's prospects. A director's purchase is generally seen as a positive sign.

Stakeholder Impact

• The director's purchase may have a slightly positive impact on shareholder sentiment.

Key Dates