Form 4: Western Midstream Partners Director Lisa A. Stewart Increases Stake with Recent Purchase
SEC Form 4 Filing
Director Lisa A. Stewart reports purchasing 2,500 common units of Western Midstream Partners, LP (WES) at $33.38 per unit on February 28, 2024, increasing her direct holdings.
Summary
- Lisa A. Stewart, a director of Western Midstream Partners, LP (WES), reported a transaction on February 28, 2024.
- She purchased 2,500 common units at a price of $33.38 per unit.
- Following the transaction, Stewart directly owns 28,230 common units.
- She also holds 5,199 Phantom Units, each representing the economic equivalent of one WES Common Unit.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The director's purchase suggests confidence, but it's a single transaction and doesn't provide a comprehensive view of the company's performance.
Positives
- The director's purchase of additional shares could be interpreted as a positive signal about her confidence in the company's future prospects.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. This purchase indicates the director's investment in the company.
Stakeholder Impact
- The director's purchase could have a minor positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of transaction: Purchase of 2,500 common units. |
| 02/29/2024 | Date of signature on the Form 4 filing. |
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