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

Robert W. Bourne, SVP & Chief Commercial Officer of Western Midstream Partners, reports changes in his beneficial ownership of common units and phantom units representing limited partner interests.

Summary

• On February 12, 2025, Robert W. Bourne, SVP & Chief Commercial Officer of Western Midstream Partners, filed a Form 4 to report changes in his beneficial ownership.
• The transactions involved the acquisition and disposition of common units representing limited partner interests and derivative securities (phantom units).
• Bourne acquired 5,781, 10,819, and 14,940 common units through the vesting of phantom units.
• He disposed of 2,313, 4,258, and 5,879 common units to cover tax obligations at a price of $39.87 per unit.
• Following these transactions, Bourne directly owns 149,714.873 common units.
• He also holds various phantom units that vest over time and performance-based units tied to pre-established metrics.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and ownership changes, common in publicly traded partnerships like Western Midstream Partners.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments and tax-related sales by an executive.

Key Dates