Form 4: Western Midstream Partners Director Kenneth F. Owen Reports Transaction

Director Kenneth F. Owen reports a transaction involving Western Midstream Partners, LP [WES] common units and phantom units on February 12, 2025.

Summary

• Kenneth F. Owen, a director of Western Midstream Partners, LP, filed a Form 4 on February 14, 2025.
• The report details a transaction that occurred on February 12, 2025.
• Owen acquired 5,199 common units representing limited partner interests at a price of $0.
• He also disposed of 5,199 common units.
• Following the reported transaction, Owen beneficially owns 37,929 common units.
• The transaction also involved 5,199 phantom units, which are economically equivalent to one WES common unit.
• Upon vesting, the holder of a phantom unit is entitled to 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.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't convey any positive or negative sentiment about the company's performance or prospects.

Industry Context

This filing is a routine disclosure of a transaction by a company insider, as required by the SEC. It provides transparency into the trading activities of individuals with access to non-public information.

Stakeholder Impact

• The transaction may have a minor impact on shareholders, as it reflects insider trading activity.
• However, the reported transaction is unlikely to have a significant impact on employees, customers, suppliers, or creditors.

Key Dates