Western Midstream Partners (WES) director purchases 5,140 common units in open-market buy
Rhea-AI Filing Summary
Western Midstream Partners, LP director Frederick A. Forthuber purchased 5,140 Common Units representing limited partner interests on 2026-08-12 at $48.62 per unit, resulting in direct ownership of 5,140 Common Units. He also holds 3,778 Phantom Units, each economically equivalent to one Common Unit and scheduled to vest on 2027-02-12, payable in Common Units or cash at the Board’s discretion.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,140 shares
Net Buy
2 txns
Insider
Forthuber Frederick A.
Role
Director
Bought
5,140 shs ($250K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Units representing limited partner interests | 5,140 | $48.62 | $250K |
| holding | Phantom Units F1 | -- | -- | -- |
Holdings After Transaction:
Common Units representing limited partner interests — 5,140 shares (Direct);
Phantom Units — 3,778 shares (Direct)
Footnotes (1)
- 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.
Key Figures
Common Units purchased: 5,140 units
Purchase price per unit: $48.62
Common Units owned after transaction: 5,140 units
+2 more
5 metrics
Common Units purchased
5,140 units
Open-market purchase of Common Units representing limited partner interests on 2026-08-12
Purchase price per unit
$48.62
Price per Common Unit in the 2026-08-12 purchase
Common Units owned after transaction
5,140 units
Directly held Common Units following the reported purchase
Phantom Units outstanding
3,778 units
Phantom Units economically equivalent to Common Units, held directly
Phantom Units vesting date
2027-02-12
Vesting date when Phantom Units settle in Common Units or cash
Key Terms
Phantom Units, limited partner interests, Fair Market Value
3 terms
Phantom Units financial
"Each Phantom Unit is the economic equivalent of one WES Common Unit"
Phantom units are a form of employee compensation that mimics ownership in a company without issuing real shares: recipients receive cash or stock value tied to the company’s share price or performance when the units vest. They matter to investors because phantom units align employee incentives with shareholder value while avoiding share dilution; however, they create future cash obligations and can affect a company’s financial statements and cash flow.
limited partner interests financial
"Common Units representing limited partner interests"
An investor's ownership stake in a limited partnership that gives them rights to a share of profits and losses but not day-to-day control over the business, similar to being a silent partner in a project. For investors this matters because it defines how they earn returns, how much risk and liability they carry, and how easy it is to sell their position — all key factors when valuing and comparing investments.
Fair Market Value financial
"cash equal to the Fair Market Value of a Common Unit"
The price a willing buyer and a willing seller would agree on for an asset or security when neither is under pressure and both have access to the same information. Think of it as the market’s neutral estimate of what something is worth, like the price two neighbors would settle on for a car after comparing similar listings. Investors care because fair market value guides buying and selling decisions, tax reporting, portfolio valuation, and how accurately company assets are reflected in financial statements.
FAQ
What insider transaction did Western Midstream Partners (WES) report for Frederick A. Forthuber?
Frederick A. Forthuber reported buying 5,140 Common Units of Western Midstream Partners at $48.62 per unit on 2026-08-12. This open-market purchase increased his directly held Common Units to 5,140 following the transaction.
How many Western Midstream Partners (WES) units does Frederick A. Forthuber own after this Form 4?
After the reported transaction, Frederick A. Forthuber directly owns 5,140 Common Units of Western Midstream Partners. He also has 3,778 Phantom Units tied economically one-for-one to Common Units, which are scheduled to vest in 2027.
What price did Frederick A. Forthuber pay for WES Common Units in this Form 4?
He purchased Western Midstream Partners Common Units at $48.62 per unit on 2026-08-12. The transaction involved 5,140 units, reflecting an open-market or private purchase as described by the transaction code and description.
What are the Phantom Units reported for Western Midstream Partners (WES) in this filing?
The filing shows 3,778 Phantom Units, each economically equivalent to one WES Common Unit. Upon vesting on 2027-02-12, they entitle the holder to a Common Unit or cash equal to the Common Unit’s Fair Market Value.
Are the Western Midstream Partners (WES) Phantom Units settled in stock or cash?
Upon vesting, each Phantom Unit entitles the holder to either one Common Unit or cash equal to the Fair Market Value of a Common Unit. The choice between units or cash is at the discretion of the Board of Directors of the General Partner.
AI-generated analysis. How Rhea-AI works. Not financial advice.
