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Western Midstream CEO Oscar K. Brown Settles Phantom Units with Tax Withholding

Low SignificanceOctober 29, 2026 at 5:33:07 PM EDT

Western Midstream Partners, LP

$WES4CIK: 0001423902

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Filing Summary

šŸ“Š SEC Form 4: Western Midstream Partners, LP ($WES)
šŸ‘¤ Insider: Brown Oscar K (President & CEO, Director)
šŸ“… Date: 2026-10-28 | Filed: 2026-10-29

šŸ”¹ Derivative Settlement (Code M): +52,659 Common Units @ $0.00
šŸ”¹ Tax Withholding (Code F): -23,039 Common Units @ $45.03 ($1,037,446.17)
šŸ”¹ Net Position Change: +29,620 Common Units
šŸ”¹ Direct Holdings Post-Transaction: 115,060 Common Units

āš ļø Significance: Low (Routine equity award vesting and tax withholding)

Comprehensive Analysis

Overview & Context

On October 29, 2026, Western Midstream Partners, LP ($WES) filed a Form 4 on behalf of President & CEO and Director Oscar K. Brown. The filing details equity award activity that took place on October 28, 2026, involving the vesting of phantom units and the associated withholding of units to cover statutory tax obligations.

Transaction Breakdown

  1. Settlement of Derivative Units (Code M):

    • Derivative: 2024 Phantom Units
    • Quantity Settled: 52,659 units converted into 52,659 Common Units at an exercise price of $0.00.
    • Remaining 2024 Phantom Units: 52,659 units.

  2. Tax Withholding Disposition (Code F):

    • Quantity Withheld: 23,039 Common Units were surrendered to the issuer to satisfy tax withholding requirements resulting from the vesting.
    • Execution Price: $45.03 per unit.
    • Total Withheld Value: $1,037,446.17.

  3. Net Holding Impact:

    • Following the net settlement (+52,659 acquired minus 23,039 withheld), Mr. Brown's direct common unit ownership increased by 29,620 units, bringing total direct holdings to 115,060 Common Units.

Additional Derivative Holdings

Following this transaction, Mr. Brown retains substantial unvested equity-based awards:

  • 2024 Phantom Units: 52,659 units (vesting ratably through October 2027)
  • 2025 Phantom Units: 48,041 units
  • 2026 Phantom Units: 94,451 units
  • 2025 Performance Units (ROA & TUR): 72,064 total units (36,032 each)
  • 2026 Performance Units (ROA & TUR): 94,452 total units (47,226 each)

Market & Trading Significance

The trading significance of this filing is evaluated as Low. The disposition of units was strictly non-discretionary (Code F) to satisfy tax withholding obligations upon the scheduled vesting of compensation-related phantom units. The CEO did not execute any open-market sales, and his net direct common unit holdings increased.

Topics:#WES#InsiderTrading#Energy#WesternMidstream#CorporateGovernance

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This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.

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