Form 4: Western Midstream Partners Director Schulte Acquires Phantom Units

Director David J. Schulte reports acquisition of phantom units in Western Midstream Partners, LP.

Summary

• On February 20, 2025, David J. Schulte, a director of Western Midstream Partners, LP, acquired 3,843 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.
• Following the transaction, Schulte directly owns 36,229 common units representing limited partner interests and 3,843 phantom units.

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.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company directors.

Stakeholder Impact

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

Key Dates

Keywords

Form 4, insider trading, phantom units, WES, Western Midstream Partners, Schulte, Director