Form 4: Western Midstream Partners Director Schulte Reports Transaction

Director David J. Schulte reports a transaction involving Western Midstream Partners, LP common units and phantom units on February 12, 2025.

Summary

• On February 12, 2025, Director David J. Schulte engaged in a transaction involving Western Midstream Partners, LP (WES).
• Schulte acquired 5,199 common units representing limited partner interests at a price of $0.
• Following the transaction, Schulte directly owns 36,229 common units.
• Schulte also disposed of 5,199 phantom units.
• Each phantom unit is the economic equivalent of one WES common unit, and upon vesting, entitles 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.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a transaction by a company director, indicating a neutral sentiment.

Industry Context

This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings of company directors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director's holdings.

Key Dates