Form 4: Western Midstream Partners Director Reports Acquisition of Phantom Units

Director Robert G. Phillips reports the acquisition of 4,046 phantom units in Western Midstream Partners, LP.

Summary

• On May 15, 2025, Robert G. Phillips, a director of Western Midstream Partners, LP, reported acquiring 4,046 phantom units.
• These phantom units are the economic equivalent of WES common units.
• Upon vesting, the holder will 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 transaction, Phillips beneficially owns 4,046 derivative securities.

Sentiment

Score: 5

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

Future Outlook

The phantom units vest on 02/12/2026, at which point they will be converted to common units or cash at the discretion of the Board of Directors of the General Partner.

Industry Context

This filing is a routine disclosure related to executive compensation and holdings, common in the midstream energy sector.

Stakeholder Impact

• The acquisition of phantom units by a director could be perceived positively by shareholders as it aligns the director's interests with the company's performance.

Key Dates

Keywords

Form 4, Beneficial Ownership, Phantom Units, Robert G. Phillips, Western Midstream Partners, WES, Director