9 unchanged sentences
Securities authorized for issuance under equity compensation plans.
−Removed: Our general partner has the authority to grant equity compensation awards to our independent directors, executive officers, and employees under (i) the Western Gas Equity Partners, LP 2012 Long-Term Incentive Plan (the “2012 LTIP”), (ii) the Western Gas Partners, LP 2017 Long-Term Incentive Plan (the “2017 LTIP,” assumed by the Partnership in connection with the Merger), and (iii) the Western Midstream Partners, LP 2021 Long - Term Incentive Plan (the “2021 LTIP”).
−Removed: The 2012 LTIP, the 2017 LTIP, and the 2021 LTIP permit the issuance of up to 3,000,000, 3,431,251, and 9,500,000 units, respectively, of which 484,909, 2,308,578, and 9,500,000 units, respectively, remained available for future issuance as of December 31, 2021.
+Added: Our general partner has the authority to grant equity compensation awards to our outside directors, executive officers, and employees under the Western Gas Partners, LP 2017 Long-Term Incentive Plan (the “2017 LTIP”) and the Western Midstream Partners, LP 2021 Long - Term Incentive Plan (the “2021 LTIP”).
+Added: The 2017 LTIP and the 2021 LTIP permit the issuance of up to 3,431,251 and 9,500,000 units, respectively, of which 1,928,415 and 9,500,000 units, respectively, remained available for future issuance as of December 31, 2022.
Read the information under Part III, Item 12 of this Form 10-K, which is incorporated by reference into this Item 5.
1 unchanged sentence
Purchases of equity securities by the issuer and affiliated persons.
−Removed: The following table sets forth information with respect to repurchases made by WES of its common units in the open market or in privately negotiated transactions under the Purchase Program during the fourth quarter of 2021:
+Added: The following table sets forth information with respect to repurchases made by WES of its common units in the open market or in privately negotiated transactions under the $1.25 billion Purchase Program during the fourth quarter of 2022:
Period Total number of units purchased Average price paid per unit Total number of units purchased as part of publicly announced plans or programs (1)
5 unchanged sentences
______________________________________________________________________________________
−Removed: (1) In November 2020, WES announced the Purchase Program, pursuant to which we may purchase up to $250.0 million in aggregate value of our common units through December 31, 2021.
−Removed: As of December 31, 2021, the entire $250.0 million authorized program had been fulfilled.
−Removed: The above table includes units repurchased from Occidental, see Note 5—Equity and Partners’ Capital in the Notes to Consolidated Financial Statements under Part II, Item 8 of this Form 10-K for additional details.
+Added: (1) In February 2022, WES announced a $1.0 billion purchase program, pursuant to which we may purchase up to $1.0 billion in aggregate value of our common units through December 31, 2024.
+Added: In November 2022, the Board authorized an increase in the program to $1.25 billion.
+Added: See Note 5—Equity and Partners’ Capital in the Notes to Consolidated Financial Statements under Part II, Item 8 of this Form 10-K for additional details.
SELECTED INFORMATION FROM OUR PARTNERSHIP AGREEMENT
11 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.