secwatch.observer — SEC 8-K summary
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Issuer:     Western Midstream Partners, LP (WES)
CIK:        0001423902
Form:       8-K
Filed at:   2025-02-18T23:59:59+00:00
Accession:  0001423902-25-000014
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

WES enters retirement agreement with SVP/Chief Commercial Officer Bourne; consulting fee $77,250/mo for 6 months
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1423902/000142390225000014/0001423902-25-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1423902/000142390225000014/wes-20250218.htm
  HTML page:      https://secwatch.observer/filing/0001423902-25-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer