Every Form 4 that Western Midstream Partners Lp (WES) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow WES and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full WES filings page.
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.
Western Midstream Partners, LP director buys additional units and reports phantom units. Director Robert G. Phillips purchased 1,250 Common Units representing limited partner interests in an open-market transaction at $40.19 per unit, bringing his directly held Common Units to 5,296.
He also reports 3,778 Phantom Units that are economically equivalent to Common Units. Upon vesting on February 12, 2027, each Phantom Unit will entitle him to receive either one Common Unit or cash equal to the fair market value of a Common Unit, at the Board’s discretion.
Western Midstream Partners, LP insider activity: SVP, General Counsel and Secretary Christopher B. Dial reported a tax-related share disposition under an amended insider filing. On February 12, 2026, he disposed of 5,879 common units representing limited partner interests at $42.35 per unit to cover tax withholding obligations, rather than through an open-market sale. After this transaction, he directly owned 225,015 common units. A footnote clarifies that the original transaction code was mistakenly reported as a sale and has been corrected to reflect tax-withholding treatment.
Western Midstream Partners’ President and CEO Oscar K. Brown reported multiple equity compensation transactions. On 02/12/2026, he exercised 24,022 2025 Phantom Units into an equal number of common units at $0 per unit and had 10,510 common units withheld at $42.35 per unit to cover tax obligations, leaving 85,440 common units held directly.
Brown also received new long-term incentives: 94,451 2026 Phantom Units and 47,226 each of 2026 Performance Unit - TUR and 2026 Performance Unit - ROA, all at $0 exercise or grant price. Each Phantom Unit is economically equivalent to one common unit and vests ratably over three years, while performance units can settle in 0–200% of one common unit (or cash equivalent) based on three-year performance metrics.
Western Midstream Partners director David J. Schulte reported equity-based compensation transactions involving phantom units and common units. On February 12, 2026, he received a grant of 3,778 phantom units at $0, which are scheduled to vest on February 12, 2027 and are economically equivalent to common units.
On the same date, he exercised 3,843 phantom units at $0, converting them into 3,843 common units representing limited partner interests. After these transactions, he directly held 40,072 common units of Western Midstream Partners.
Forthuber Frederick A. reported acquisition or exercise transactions in this Form 4 filing.
Western Midstream Partners director Frederick A. Forthuber reported an equity-based compensation award in the form of 3,778 Phantom Units on February 12, 2026. These Phantom Units are derivative securities that mirror the value of common units representing limited partner interests.
Each Phantom Unit is the economic equivalent of one WES common unit. After they vest, the holder will receive either one common unit per Phantom Unit or, at the general partner’s board’s discretion, cash equal to the fair market value of a common unit. Following this grant, Forthuber directly holds 3,778 Phantom Units.
Western Midstream Partners director Lisa A. Stewart reported compensation-related unit activity. On February 12, 2026, she exercised 3,843 Phantom Units for 3,843 Common Units at a price of $0 per unit, and now directly holds 39,772 Common Units.
That same day, she received a new award of 3,778 Phantom Units, also at $0 per unit, which are scheduled to vest on February 12, 2027. Each Phantom Unit is economically equivalent to one WES common unit and, upon vesting, can settle in common units or cash at the board’s discretion.
Western Midstream Partners director Robert G. Phillips reported equity-based compensation activity involving phantom units and common units. On February 12, 2026, he exercised 4,046 phantom units at $0 per unit, receiving 4,046 common units representing limited partner interests, all held directly.
That same day, he was granted 3,778 new phantom units at $0 per unit, which will vest on February 12, 2027. Each phantom unit is economically equivalent to one WES common unit and, upon vesting, may be settled in common units or cash at the board’s discretion.
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.
Western Midstream Partners director Kenneth F. Owen reported compensation-related unit activity involving phantom units and common units. On February 12, 2026, he exercised 3,843 phantom units into 3,843 common units representing limited partner interests at an exercise price of $0, bringing his directly held common units to 41,772.
On the same date, he received a new award of 3,778 phantom units at $0, which are scheduled to vest on February 12, 2027. Each phantom unit is economically equivalent to one WES common unit and, upon vesting, will deliver either a common unit or cash equal to its fair market value, at the general partner board’s discretion.
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.
Western Midstream Partners executive Catherine A. Green, SVP & Chief Accounting Officer, reported multiple equity compensation transactions in common units on February 12, 2026. She acquired WES common units through the exercise and conversion of previously granted phantom and performance units at an exercise price of $0 per unit, then had a portion of those units disposed of under code "F" to cover tax liabilities at prices including $42.35 per unit.
Following these transactions, she directly held 115,036 common units. Green also received new awards of 23,613 2026 Phantom Units and 11,806 each of 2026 Performance Units (TUR and ROA), which can convert into common units (or cash) depending on time-based vesting and three-year performance goals that can result in between 0% and 200% payout per unit.
Western Midstream Partners’ SVP & Chief Financial Officer Kristen S. Shults reported multiple equity award activities dated February 12, 2026. She exercised previously granted phantom and performance units into WES common units and had a portion of those units withheld to cover tax obligations at a price of $42.35 per unit. Shults also received new long-term incentives, including 35,419 2026 Phantom Units and 17,710 units each of 2026 Performance Unit awards tied to total unitholder return and return on assets. Following these transactions, she continues to hold a substantial direct position in WES common units and a mix of outstanding phantom and performance-based derivative awards that vest over multi-year periods based on continued service and pre-established performance metrics.
Western Midstream Partners (WES) reported that Western Gas Resources, Inc. transferred and surrendered 15,307,402 common units representing limited partner interests to the partnership on February 3, 2026 under a Unit Redemption Agreement tied to amendments of operating agreements.
Following this redemption, Western Gas Resources, Inc. holds 140,912,118 common units, APC Midstream Holdings, LLC holds 457,849 common units and Anadarko USH1 Corporation holds 9,004,209 common units.
The filing explains that these entities, along with several Anadarko and OXY subsidiaries, are all direct or indirect wholly owned subsidiaries of Occidental Petroleum Corporation, which remains a 10% owner of WES through this ownership chain.
Western Gas Resources, Inc., an Occidental Petroleum affiliate, transferred and surrendered 15,307,402 common units of Western Midstream Partners to the partnership on February 3, 2026 under a Unit Redemption Agreement tied to amendments of operating agreements.
After this transaction, WGRI holds 140,912,118 common units, APC Midstream Holdings, LLC holds 457,849 common units, and Anadarko USH1 Corporation holds 9,004,209 common units, all through a chain of entities that are wholly owned, directly or indirectly, by Occidental.
Western Midstream Partners (WES) reported an insider equity transaction by its President & CEO and Director. On 10/28/2025, the reporting person converted equity awards into 52,660 common units at $0 (code M), then had 20,722 units withheld for taxes at $38.78 (code F). Following these transactions, the reporting person directly owned 71,928 common units.
Derivative awards reported as beneficially owned after the transactions include 105,318 2024 Phantom Units, 72,063 2025 Phantom Units, and performance-based units of 36,032 (ROA) and 36,032 (TUR). The phantom units are economically equivalent to one common unit and vest over three years, with distribution equivalent rights paid in cash as they vest.