WES COO reports equity awards and tax withholdings
Western Midstream Partners SVP & COO Daniel P. Holderman reported a series of equity compensation events on February 12, 2026.
Rhea-AI Filing Summary
Western Midstream Partners SVP & COO Daniel P. Holderman reported a series of equity compensation events on February 12, 2026. Multiple phantom and performance unit awards were exercised into WES common units at $0 exercise price, with portions of the resulting units disposed of at $42.35 per unit to cover tax withholding. After these transactions, he directly owned 91,384 common units. He also received new derivative awards, including 35,419 2026 phantom units and 17,710 each of 2026 TUR and ROA performance units, which can ultimately settle in common units or cash based on future performance and vesting conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
91,788 shares exercised/converted
Exercise
22 txns
Insider
Holderman Daniel P.
Role
SVP & Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2023 Phantom Units | 10,819 | $0.00 | $0.00 |
| Exercise | 2023 Performance Unit - TUR | 25,316 | $0.00 | $0.00 |
| Exercise | 2023 Performance Unit - ROA | 30,704 | $0.00 | $0.00 |
| Exercise | 2024 Phantom Units | 14,940 | $0.00 | $0.00 |
| Exercise | 2025 Phantom Units | 10,009 | $0.00 | $0.00 |
| Grant/Award | 2026 Phantom Units | 35,419 | $0.00 | $0.00 |
| Grant/Award | 2026 Performance Unit - TUR | 17,710 | $0.00 | $0.00 |
| Grant/Award | 2026 Performance Unit - ROA | 17,710 | $0.00 | $0.00 |
| Exercise | Common Units representing limited partner interests | 10,819 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Units representing limited partner interests | 4,258 | $42.35 | $180K |
| Exercise | Common Units representing limited partner interests | 14,940 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Units representing limited partner interests | 5,879 | $42.35 | $249K |
| Exercise | Common Units representing limited partner interests | 10,009 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Units representing limited partner interests | 3,939 | $42.35 | $167K |
| Exercise | Common Units representing limited partner interests | 25,316 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Units representing limited partner interests | 9,962 | $42.35 | $422K |
| Exercise | Common Units representing limited partner interests | 30,704 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Units representing limited partner interests | 12,114 | $42.35 | $513K |
| holding | 2024 Performance Unit - TUR | -- | -- | -- |
| holding | 2024 Performance Unit - ROA | -- | -- | -- |
| holding | 2025 Performance Unit-TUR | -- | -- | -- |
| holding | 2025 Performance Unit-ROA | -- | -- | -- |
Holdings After Transaction:
2023 Phantom Units — 0 contracts (Direct);
2023 Performance Unit - TUR — 0 contracts (Direct);
2023 Performance Unit - ROA — 0 contracts (Direct);
2024 Phantom Units — 14,939 contracts (Direct);
2025 Phantom Units — 20,017 contracts (Direct);
2026 Phantom Units — 35,419 contracts (Direct);
2026 Performance Unit - TUR — 17,710 contracts (Direct);
2026 Performance Unit - ROA — 17,710 contracts (Direct);
Common Units representing limited partner interests — 91,384 shares (Direct);
2024 Performance Unit - TUR — 22,409 contracts (Direct);
2024 Performance Unit - ROA — 22,409 contracts (Direct);
2025 Performance Unit-TUR — 15,013 contracts (Direct);
2025 Performance Unit-ROA — 15,013 contracts (Direct)
Footnotes (4)
- F1. Each Phantom Unit is the economic equivalent of one WES Common Unit representing limited partnership interests, and upon vesting, will entitle the holder to receive a common unit or, at the discretion of the Board of Directors of the General Partner, cash equal to the Fair Market Value of a Common Unit.
- F2. These Phantom Units vest ratably over a three-year period on February 12th of each year, and will pay distribution equivalent rights in cash on a current basis.
- F3. Each performance-based unit represents the right to receive, following vesting, between 0% and 200% of one WES Common Unit based upon the achievement of pre-established performance metrics over a 3-year performance period.
- F4. Each performance-based unit represents the right to receive, following vesting, between 0% and 200% of one WES Common Unit (or cash equivalent) based upon the achievement of pre-established performance metrics over a 3-year performance period.
FAQ
What insider transactions did WES SVP Daniel Holderman report on February 12, 2026?
Daniel Holderman reported equity compensation activity, not open-market trades. Several phantom and performance unit awards were exercised into Western Midstream Partners common units at a $0 exercise price, with some of the resulting units withheld to satisfy tax obligations at $42.35 per unit.
How many Western Midstream Partners (WES) common units does Daniel Holderman own after these Form 4 transactions?
After the reported transactions, Holderman directly owns 91,384 WES common units. This figure reflects the net result of derivative award exercises that increased his holdings and tax-withholding dispositions that reduced them, all occurring on February 12, 2026, as disclosed in the filing.
Were Daniel Holderman’s WES Form 4 transactions open-market buys or sells?
The reported transactions were award exercises and tax withholdings, not open-market trades. Codes M and A show derivative conversions and grants at a $0 price, while code F reflects units disposed of at $42.35 to cover tax liabilities.
What new 2026 equity awards did Daniel Holderman receive from Western Midstream Partners (WES)?
Holderman received new 2026 phantom and performance unit awards. These include 35,419 2026 phantom units and 17,710 each of 2026 TUR and ROA performance units, which may deliver WES common units or cash depending on vesting and pre-established performance metrics.
How do Western Midstream Partners’ phantom units reported by Daniel Holderman work?
Each phantom unit is economically equivalent to one WES common unit. Upon vesting, it entitles the holder to receive either a common unit or, at the board’s discretion, cash equal to the fair market value of one common unit, and pays cash distribution equivalents during the vesting period.
What performance-based units does Daniel Holderman hold at WES and how are payouts determined?
Holderman holds TUR and ROA performance units across 2024–2026 awards. Each unit can deliver between 0% and 200% of one WES common unit (or cash) after a three-year performance period, depending on achievement of pre-established performance metrics described in the filing footnotes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
