Form 4: Western Midstream Partners Executive Dial Reports Changes in Beneficial Ownership

Christopher B. Dial, SVP, GC and Secretary of Western Midstream Partners, reports transactions involving common units and phantom units, resulting in adjustments to his beneficial ownership.

Summary

• On February 12, 2025, Christopher B. Dial, a senior executive at Western Midstream Partners, engaged in transactions involving common units representing limited partner interests and derivative securities (phantom units).
• These transactions included the acquisition of common units through vesting of phantom units and the disposal of common units to cover tax obligations.
• The reported transactions resulted in an increase in the direct ownership of common units, with the total holdings after the reported transactions amounting to 151,683 common units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing transactions by an insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and ownership positions in the company. It reflects executive compensation practices common in the energy sector, where equity-based awards like phantom units are used to align management's interests with those of shareholders.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.

Key Dates