Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective June 1, 2023, George Green, Group Vice President and General Counsel
of DCP Midstream GP, LLC ("DCP GP LLC"), a Delaware limited liability company
and the general partner of DCP Midstream GP, LP, a Delaware limited partnership
and the general partner of DCP Midstream, LP (the "Partnership"), a Delaware
limited partnership, will step down from his positions with DCP GP LLC and its
subsidiaries and affiliates. In connection with his departure, Mr. Green will
receive severance benefits consistent with the DCP Services, LLC Executive
Severance Plan, as described in the Partnership's Annual Report on Form 10-K
filed with the Securities and Exchange Commission on February 17, 2023.
Additionally, Mr. Green will receive a payment equal to two times his target
short-term incentive award for 2022.
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