WES enters retirement agreement with SVP/Chief Commercial Officer Bourne; consulting fee $77,250/mo for 6 months
Western Midstream Partners, LP
Robert Bourne to serve as advisor through Mar 3, 2025 then six-month consultant at $77,250 monthly.
Receives pro rata 2025 target bonus, equity vesting, new time-vested award valued at $2.1M (2-year vest), and performance awards of $250k each (TUR and ROA).
Continued health/life/dental coverage for two years; non-compete/non-solicit covenants run two years post-retirement.
Agreement includes general release of claims and mutual non-disparagement.
On February 18, 2025, Robert W. Bourne, Senior Vice President and Chief Commercial Officer of Western Midstream Holdings, LLC, the general partner of Western Midstream Partners, LP (“WES”), entered into a Retirement Agreement and General Release (the “Retirement Agreement”) with WES.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 1.0
Robert W. Bourne retired as Senior Vice President and Chief Commercial Officer at Western Midstream Partners, LP.
Action
retired
Role
Senior Vice President and Chief Commercial Officer
Exact text from the filing
On February 18, 2025, Robert W. Bourne, Senior Vice President and Chief Commercial Officer of Western Midstream Holdings, LLC, the general partner of Western Midstream Partners, LP (“WES”), entered into a Retirement Agreement and General Release (the “Retirement Agreement”) with WES.
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