Form 4: Western Midstream Partners Director Schulte Acquires Additional Common Units

Director David J. Schulte purchased 800 common units of Western Midstream Partners, LP at an average price of $34.2406 on February 27, 2024.

Summary

• On February 27, 2024, David J. Schulte, a director of Western Midstream Partners, LP, acquired 800 common units representing limited partner interests at a weighted average price of $34.2406.
• The purchases were made in multiple transactions with prices ranging from $34.05 to $34.45.
• Following the reported transaction, Schulte directly owns 31,030 common units.
• Schulte also indirectly owns 5,199 Phantom Units, each equivalent to one WES Common Unit, which vest on February 12, 2025.
• 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.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of insider trading activity. The purchase could be interpreted as a positive signal, but it's a relatively small transaction.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's future performance, but it does indicate continued insider ownership.

Industry Context

This Form 4 filing indicates insider activity, which is closely monitored by investors for signals about a company's prospects. Purchases by directors can be seen as a positive sign, reflecting confidence in the company's future.

Key Dates