Western Midstream SVP trades units and gets awards
Western Midstream Partners senior vice president, general counsel and secretary Christopher B. Dial reported multiple equity transactions in common units and incentive awards.
Rhea-AI Filing Summary
Western Midstream Partners senior vice president, general counsel and secretary Christopher B. Dial reported multiple equity transactions in common units and incentive awards. On February 12, 2026, he acquired common units through exercises of phantom and performance units, then sold 5,879 common units in an open-market transaction at $42.35 per unit.
Several additional common units were disposed of at $42.35 per unit to satisfy tax-withholding obligations tied to these equity awards. Dial also received new grants of derivative awards, including 32,468 2026 phantom units and 16,234 each of 2026 TUR and ROA performance units, which may settle in common units or cash upon future vesting and performance outcomes.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
22 txns
Insider
Dial Christopher B.
Role
SVP, GC and Secretary
Sold
5,879 shs ($249K)
Approx. gross sale proceeds
$249K
Approx. exercise cost
$0.00
| 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 | 32,468 | $0.00 | $0.00 |
| Grant/Award | 2026 Performance Unit - TUR | 16,234 | $0.00 | $0.00 |
| Grant/Award | 2026 Performance Unit - ROA | 16,234 | $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 |
| Sale | 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 | 12,124 | $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 — 32,468 contracts (Direct);
2026 Performance Unit - TUR — 16,234 contracts (Direct);
2026 Performance Unit - ROA — 16,234 contracts (Direct);
Common Units representing limited partner interests — 225,015 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 activity did Western Midstream (WES) report for Christopher B. Dial?
Christopher B. Dial, SVP, GC and Secretary, reported multiple equity transactions. He exercised phantom and performance units into common units, received new 2026 incentive grants, sold 5,879 common units, and disposed of additional units to cover tax-withholding obligations, all dated February 12, 2026.
How many Western Midstream (WES) units did the SVP sell in the open market?
He sold 5,879 Western Midstream common units in an open-market transaction. The reported sale price was $42.35 per unit. This sale occurred alongside various equity award exercises and tax-related dispositions on February 12, 2026, as part of his compensation-related activity.
What new equity awards did Western Midstream (WES) grant to Christopher B. Dial?
He received 32,468 2026 phantom units and 16,234 each of 2026 TUR and ROA performance units. These awards have a zero exercise price and are structured to vest over time, potentially settling in common units or cash based on future performance conditions.
How do Western Midstream (WES) phantom units work for the reporting insider?
Each phantom unit is economically equivalent to one WES common unit. Upon vesting, the holder may receive a common unit or cash equal to its fair market value. Phantom units also pay cash distribution equivalents during the vesting period, aligning compensation with unitholder returns.
What are Western Midstream (WES) performance units based on TUR and ROA?
Each performance unit can deliver between 0% and 200% of one WES common unit, or cash equivalent for certain grants. The actual payout depends on pre-established performance metrics tied to TUR or ROA over a three-year performance period, creating an incentive for multi-year results.
Were Western Midstream (WES) units disposed of to cover taxes on the insider’s awards?
Yes. Several dispositions coded “F” show common units delivered at $42.35 per unit. These represent payment of exercise price or tax liabilities by delivering securities, corresponding to the vesting or exercise of the reported phantom and performance unit awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.
