Form 4: Western Midstream Partners Director, Lisa A. Stewart, Reports Acquisition of Phantom Units

Lisa A. Stewart, a director of Western Midstream Partners, reported the acquisition of phantom units, convertible to common units or cash, on February 20, 2025.

Summary

• On February 20, 2025, Lisa A. Stewart, a director of Western Midstream Partners, LP [WES], reported a transaction involving derivative securities.
• She acquired 3,843 Phantom Units, which are the economic equivalent of WES Common Units.
• These Phantom Units vest and entitle the holder 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.
• Following the reported transaction, Ms. Stewart directly owns 35,929 Common Units representing limited partner interests.
• She also directly owns 3,843 Phantom Units.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of a company director's holdings and transactions, providing transparency to investors regarding insider activity.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and alignment of interests.

Key Dates

Keywords

Western Midstream Partners, WES, Lisa A. Stewart, Form 4, Phantom Units, Common Units, Director, Beneficial Ownership, Securities